Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information The following information applies to the questions displayed below) Vernon Training Services (VTS) provides instruction on the use of computer software for the

Required information The following information applies to the questions displayed below) Vernon Training Services (VTS) provides instruction on the use of computer software for the employees of its corporate clients. It offers courses in the clients' offices on the clients' equipment. The only major expense VIS incurs is instructor salaries, it pays instructors $5,200 per course taught. VTS recently agreed to offer a course of instruction to the employees of Novak Incorporated at a price of $410 per student Novak estimated that 20 students would attend the Course Base your answers on the preceding information VTS sells a custom wood plaque to students who complete the training course. Due to the custom nature of these plaques. VTS has to produce them in advance based on the estimated number of students to be enrolled in the course Any plaques made for students who do not end up completing the course will be discarded. Prior to the first class, VTS pre-ordered 20 plaques based on the client's estimate of the number of people who would attend the course VTS will only have 20 plaques to offer students regardless of whether enroliment is below or above expectations due to them having to be made in advance of the course. Each plaque costs $33 and is sold to students who complete the course for $47.00 k. Calculate the cost of plaques in total and per unit, assuming that 18, 20, or 22 students complete the course 1. Classify the total cost of plaques as fixed or variable relative to the number of students attending the course Complete this question by entering your answers in the tabs below. Required K Required L Calculate the cost of plaques in total and per unit, assuming that 10, 20, or 22 students complete the course. (Round "Cost per unit answers to 2 decimal places.) Number of Students Completing the Course 20 22 8 Next > plete the course for $47.00. k. Calculate the cost of plaques in total and per unit, assuming that 18, 20, or 22 students complete the course. 1. Classify the total cost of plaques as fixed or variable relative to the number of students attending the course. Complete this question by entering your answers in the tabs below. Required K Required L Calculate the cost of plaques in total and per unit, assuming that 18, 20, or 22 students complete the course. (Round "Cost per unit" answers to 2 decimal places.) Number of Students Completing the Course Total cost of workbooks Cost per unit 18 20 22 Required K Required L > is below or above expectations due to them having to be made in advance of the course. Each plaque costs $33 and is sold to students who complete the course for $47.00. k. Calculate the cost of plaques in total and per unit, assuming that 18, 20, or 22 students complete the course. 1. Classify the total cost of plaques as fixed or variable relative to the number of students attending the course. Complete this question by entering your answers in the tabs below. Required K Required L es Classify the total cost of plaques as fixed or variable relative to the number of students attending the course. The cost of plaques relative to the number of students attending the course is a < Required K Required L >

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_2

Step: 3

blur-text-image_3

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

Managerial Accounting Custom Publication

Authors: Belverd E. Needles

7th Edition

0618681922, 978-0618681921

More Books

Students also viewed these Accounting questions

Question

Understand the role of internal marketing and communications.

Answered: 1 week ago