{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T03:11:50-04:00", "answer_date": "2024-05-29 03:11:50", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1873462", "url": "\/study-help\/questions\/the-gourmand-cooking-school-runs-short-cooking-courses-at-its-1873462", "question_creation_date_js": "2024-05-29T03:11:50-04:00", "question_creation_date": "May 29, 2024 03:11 AM", "meta_title": "[Solved] The Gourmand Cooking School runs short co | SolutionInn", "meta_description": "Answer of - The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers | SolutionInn", "meta_keywords": "gourmand,cooking,school,runs,short,courses,small,campus,management,identified,two,cost", "question_title_h1": " The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and", "question_title": " The Gourmand Cooking School runs short cooking courses at its small", "question_title_for_js_snippet": "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 65 students enrolled in those two courses Data concerning the company's cost formulas appear below Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Fixed Cost per Cost per Cost per Month Course $ 2,960 Student $ 300 $ 1,220 $ 50 $ 4,500 $ 2,100 $ 4,000 $ 44 $ 5 For example, administrative expenses should be $4,000 per month plus $44 per course plus $5 per student The company's sales should average $880 per 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 were as follows Actual $ 54,300 $ 11,120 Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Required $ 19, 350 $ 1,830 $ 4,500 $ 2,240 $ 3,927 Prepare a flexible budget performance report that shows both revenue and spending variances and activity 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 variance) Input all amounts as positive values )", "question_description": "\"image\"image", "transcribed_text": "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 65 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Fixed Cost per Cost per Cost per Month Course $ 2,960 Student $ 300 $ 1,220 $ 50 $ 4,500 $ 2,100 $ 4,000 $ 44 $ 5 For example, administrative expenses should be $4,000 per month plus $44 per course plus $5 per student. The company's sales should average $880 per 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 were as follows: Actual $ 54,300 $ 11,120 Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Required: $ 19, 350 $ 1,830 $ 4,500 $ 2,240 $ 3,927 Prepare a flexible budget performance report that shows both revenue and spending variances and activity 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 variance). Input all amounts as positive values.)", "related_book": { "title": "Hospitality Financial Accounting", "isbn": "9780470598092, 470083603, 978-0470083604", "edition": "2nd Edition", "authors": "Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/239.jpg", "uri": "\/textbooks\/hospitality-financial-accounting-2nd-edition-239", "see_more_uri": "" }, "free_related_book": { "isbn": "1841760242", "uri": "\/textbooks\/sunderland-squadrons-of-world-war-2-1st-edition-978-1841760247-245624", "name": "Sunderland Squadrons Of World War 2", "edition": "1st Edition" }, "question_posted": "2024-05-29 03:11:50", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/calculus-with-applications\/find-f-x-x-y-and-f-y-x-y-1103643", "description": "Find f x (x, y) and f y (x, y). f(x, y) = 2x + 5y 3x + y", "stars": 3 }, { "url": "\/evaluating-the-lifo-and-fifo-choice-when-costs-are-rising", "description": "Evaluating the LIFO and FIFO Choice When Costs Are Rising and Falling Income is to be evaluated under four different situations as follows: a. 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