{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-09-14T00:04:00-04:00", "answer_date": "2024-09-14 00:04:00", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "10719716", "url": "\/study-help\/questions\/variable-costing-income-statement-and-contribution-margin-analysis-for-a-10719716", "question_creation_date_js": "2024-09-14T00:04:00-04:00", "question_creation_date": "Sep 14, 2024 12:04 AM", "meta_title": "[Solved] Variable Costing Income Statement and Con | SolutionInn", "meta_description": "Answer of - Variable Costing Income Statement and Contribution Margin Analysis for a Service Company The actual and planned data f | SolutionInn", "meta_keywords": "variable,costing,income,statement,contribution,margin,analysis,service,company,actual,planned,data", "question_title_h1": "Variable Costing Income Statement and Contribution Margin Analysis for a Service Company The actual and planned data for Underwater University for the Fall term were", "question_title": "Variable Costing Income Statement and Contribution Margin Analysis for a Service Company", "question_title_for_js_snippet": "Variable Costing Income Statement and Contribution Margin Analysis for a Service Company The actual and planned data for Underwater University for the Fall term were as follows Actual Planned Enrollment 4,500 4,125 Tuition per credit hour $120 $135 Credit hours 60,450 43,200 Registration, records, and marketing cost per enrolled student $275 $275 Instructional costs per credit hour $64 $60 Depreciation on classrooms and equipment $825,600 $825,600 Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of credit hours Depreciation is a fixed cost 2 Prepare a variable casting income statement showing the contribution margin and income from operations for the Fall term Underwater University Variable Costing Income Statement For the Fall Term Revenue Variable costs Registration, records, and marketing cost Instructional costs Total variable costs Contribution margin Depreciation on classrooms and equipment Income from operations b Prepare a contribution margin analysis report comparing planned with actual performance for the Fall term If an amount is zero, enter O Underwater University Contribution Margin Analysis For the Fall Term Planned contribution margin Effect of change in revenue Revenue quantity factor Unit price factor Total effect of change in revenue Effect of changes in registration, records, and marketing costs Variable cost quantity factor Unit cost factor Total effect of changes in registration, records, and marketing costs Effect of changes in instructional costs Variable cost quantity factor Unit cost factor Total effect of changes in instructional cost Actual contribution margin", "question_description": "

\"image<\/p> Variable Costing Income Statement and Contribution Margin Analysis for a Service Company The actual and planned data for Underwater University for the Fall term were as follows: Actual Planned Enrollment 4,500 4,125 Tuition per credit hour $120 $135 Credit hours 60,450 43,200 Registration, records, and marketing cost per enrolled student $275 $275 Instructional costs per credit hour $64 $60 Depreciation on classrooms and equipment $825,600 $825,600 Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of credit hours. Depreciation is a fixed cost. 2. Prepare a variable casting income statement showing the contribution margin and income from operations for the Fall term. Underwater University Variable Costing Income Statement For the Fall Term Revenue Variable costs: Registration, records, and marketing cost Instructional costs Total variable costs Contribution margin Depreciation on classrooms and equipment Income from operations b. Prepare a contribution margin analysis report comparing planned with actual performance for the Fall term. If an amount is zero, enter \"O\". Underwater University Contribution Margin Analysis For the Fall Term Planned contribution margin Effect of change in revenue: Revenue quantity factor Unit price factor Total effect of change in revenue Effect of changes in registration, records, and marketing costs: Variable cost quantity factor Unit cost factor Total effect of changes in registration, records, and marketing costs Effect of changes in instructional costs: Variable cost quantity factor Unit cost factor Total effect of changes in instructional cost Actual contribution margin", "transcribed_text": "", "related_book": { "title": null, "isbn": null, "edition": null, "authors": null, "cover_image": null, "uri": null, "see_more_uri": "" }, "free_related_book": { "isbn": "", "uri": "", "name": "", "edition": "" }, "question_posted": "2024-09-14 00:04:00", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/industrial-organizational-psychology-understanding-the-workplace\/1-what-individualcontext-relations-in-regard-to-pyd-emerge-that-2007924", "description": "=+1. 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