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Q 5 ( 8 Marks ) : Hikma. is a vocational school. The school bases its budgets on two measures: the Number of Students (
Q Marks: Hikma. is a vocational school. The school bases its budgets on two measures: the Number of Students S and Number of Courses C and as per the following formula:
Revenues
Faculty Wages
Course Supplies
Administrative expenses
$
$
$
$$$
In July, the school's income statement showing the actual results for the month appears below:
Income Statement
For the Month Ended July
Actual students
Actual courses
Revenue.
$
Expenses:
Faculty wages
Course supplies
Administrative expenses
Total expense
table$
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