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thank you so much in advance The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it
thank you so much in advance
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports - the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 63 students enrolled in those two courses. Data concerning the company's cost formulas appear below: For example, administrative expenses should be $3.500 per month plus $42 per course plus $4 per student. The company's sales should average $870 per student. The compary planned to run four courses with a total of 63 students; however, it actually ran four courses with a total of only 53 5tudents. The actual operating results for September appear below: Prepare the company's planning budget for September. Prepare the company's flexible budget for September. Calculate the revenue and spending variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e.. zero variannal r. Tut all amounts as positive values.)Step by Step Solution
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