Section from Help Save &fe 33 TB Problem Qu. 9-402 Roberds Tech is a for-profit vocational.. 15 Roberds Tech is a for-profit vocational school. The school bases its budgets on two measures of activity fe, cost drivers, namely student and course. The school uses the following data in its budgeting Fixed element Variable element Variable element per month Revenge per student per course Faculty wages $ 203 1 33,ese Course supplies Administrative expenses 51 126,450 5 26 151 In March the school budgeted for 1,900 students and 87 courses. The school's income statement showing the actual results for the month appears below Roberds Tech Income Statement For the Month Ended March 31 Actual students 1,600 Actual courses Reven 1-406,340 Expenses Faculty wages 214,454 Course supplies Administrative expenses 62.090 82.062 Total expense 3588,602 Net operating income $ 47,738 Required: Prepare a flexible budget performance report showing both the schools activity variances and revenue and spending variances for March Label each variance as favorable or unfavorable fu indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None for no effect, zero variance Input all amounts as positive valus) Feste Burmance leport La coveis 5,10,11,12,15 and has a selection from ot... Saved He 33 Expenses: Faculty wages Course supplies Administrative expenses Total expense Net operating income 214,450 62,090 82,062 358,602 $ 47,738 15 points Required: Prepare a flexible budget performance report showing both the school's activity variances and revenue and spending variances for March. Label each variance as favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) 8 00:27:53 Roberds Toch Flexible Budget Performance Report For the Month Ended March 31 Actual Revenue and Flexible Results Spending Budget Variances Activity Variances Planning Budget 1.800 90 Students Courses Revenue 1.800 90 1.900 87 Expenses: Faculty wages Course supplies Administrative expenses Total expense Net operating income