Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required: (a) CALCULATE cost per student per annum for all three streams. begin{tabular}{|l|r|} hline Salary to other staffs & 4,80,000 hline Examinations expenditure &

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Required: (a) CALCULATE cost per student per annum for all three streams. \begin{tabular}{|l|r|} \hline Salary to other staffs & 4,80,000 \\ \hline Examinations expenditure & 10,80,000 \\ \hline Office \& Administration cost & 15,20,000 \\ \hline Annual day expenses & 4,50,000 \\ \hline Sports expenses & 1,20,000 \\ \hline \end{tabular} ii) One teacher who teaches economics for Arts stream students also teaches commerce stream students. The teacher takes 1,040 classes in a year, it includes 208 classes for commerce students. iii) There is another teacher who teaches mathematics for Science stream students also teaches business mathematics to commerce stream students. She takes 1,100 classes a year, it includes 160 classes for commerce students. (iv) One peon is fully dedicated for higher secondary section. Other peons dedicate their 15\% time for higher secondary section. v) All school students irrespective of section and age participates in annual functions and sports activities. AD Higher Secondary School (AHSS) offers courses for 11th&12th standard in three streams i.e. Arts, Commerce and Science. AHSS runs higher secondary classes along with primary and secondary classes, but for accounting purpose it treats higher secondary as a separate responsibility centre. The Managing committee of the school wants to revise its fee structure for higher secondary students. The accountant of the school has provided the following details for a year: (b) If the management decides to take uniform fee of 1,000 per month from all higher secondary students, CALCULATE stream wise profitability. (c) If management decides to take 10% profit on cost, COMPUTE fee to be charged from the students of all three streams respectively

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

CISA Certified Information Systems Auditor All In One Exam Guide

Authors: Peter H. Gregory

4th Edition

1260458806, 978-1260458800

More Books

Students also viewed these Accounting questions