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Platinum Tuition has provided the following extract from a cost report for the six months from January to June. Management considers the activities in
Platinum Tuition has provided the following extract from a cost report for the six months from January to June. Management considers the activities in these six months as within the relevant range for the purpose of cost estimation. Month Number of attending students Tutor labour costs ($) Jan 200 5.000 Feb 230 5 450 Mar 290 6 350 Apr 320 6 800 May 240 5 600 Jun 275 6 125 The total monthly tutor labour cost function for Platinum Tuition can be expressed as:
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Actual indirect materials cost 30000 Flexible budget variance 8000 unfavorable Actual machine hou...
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
