Question
Question 1. [4 Marks] Cynthia Institute of Vocational Learning is an academic institute which prepares its budget based upon two cost drivers, namely number of
Question 1. [4 Marks]
Cynthia Institute of Vocational Learning is an academic institute which prepares its budget based upon two cost drivers, namely number of students and number of courses. The budgeting data given below relates to the month of November:
|
| Fixed component per month (Rs.) | Variable component per student (Rs.) | Variable component per course (Rs.) |
| Revenue | 0 | 408 | 0 |
| Teacher salaries | 0 | 0 | 2,400 |
| Course materials | 0 | 69 | 46 |
| Operating expenses | 33,100 | 15 | 33 |
In November, the institute budgeted for 1,420 students and 150 courses. The actual activity for the month was 1,810 students and 139 courses.
Prepare the planning budget for the month of November.
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
978-0078025914
