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thank you! The Gourmand Cooking School runs stiort cooking courses ot its smoll campus. Management has identified two cost drivers it uses in its budgeting
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The Gourmand Cooking School runs stiort cooking courses ot its smoll campus. Management has identified two cost drivers it uses in its budgeting and performance reperts-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 65 students enrolled in those two courses. Data concerning the company's cost formulas appear below: For example, administrative expenses shouid be $4,000 per month plus $41 per course plus $4 per student. The company's 5 ales should average $870 pet student. The company planned to run four courses with a total of 65 students; however, it actually ran four courses with a total of only 63 students. The actual operating results for September appear below: Recuired: 1. Prepore the company's planning budget for September. 2. Prepare the combany's tlexible budget for September. 3. Calculate the revenue and spending variances for September Check my work mode : This shows what is correct or incorrect for the work you have completed Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the company's flexible budget for September. Complete this question by entering your answers in the tabs below. Prepare the company's planning budget for September. Check my work mode : This shows what is correct or incorrect for the work you have completed Calculate the revenue and spending variances for September. (Indicate the effect of each variance by seiect favorable, "U' for unfavorable, and 'None' for no effect (i.e., zero variance). Input all amounts as positive v Step by Step Solution
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