1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
monitta
2 years ago
10

The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses i

n 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 61 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
Fixed Cost per Month Cost per Course Cost per Student
Instructor wages $2,950
Classroom supplies $280
Utilities $1,220 $65
Campus rent $4,800
Insurance $2,300
Administrative expenses $4,000 $44 $4

For example, administrative expenses should be $4,000 per month plus $44 per course plus $4 per student. The company’s sales should average $870 per student. The company planned to run four courses with a total of 61 students; however, it actually ran four courses with a total of only 51 students. The actual operating results for September appear below:

Actual
Revenue $51,660
Instructor wages $11,120
Classroom supplies $17,830
Utilities $1,840
Campus rent $5,000
Insurance $2,240
Administrative expenses $3,734

Required:
Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September.
Business
1 answer:
o-na [289]2 years ago
8 0

Answer:

From the attached excel file, we havee:

Revenue and spending income from operations variance = $4,566 Favorable

Activity income from operations variance = -$5,860 Unfavorable

Explanation:

Note: See part a of the attached excel file for the flexible budget performance report that shows both revenue and spending variances and activity variances for September.

Also Note: See parts b and c of the attached excel file for the calculations of revenue and spending variances and activity variances respectively for September.

Download xlsx
You might be interested in
(01.02 mc) which of these actions was an economic cause of increased tensions between the north and south?
Damm [24]

The correct option is (b) Protective tariffs

Protective tariffs aim to make imported goods more expensive while protecting domestic producers from overseas rivalry.

<h3 /><h3>What is protective tarrifs?</h3>
  • An illustration of a protective tariff would be the US raising the customs charge on clothing imported from Britain so that it is significantly more expensive than clothing made domestically.
  • The importing countries profit the most from tariffs since they design the policy and receive the cash.
  • The main advantage of tariffs is that they generate income from imported products and services. Tariffs may also serve as a springboard for negotiations between two countries.
  • Protective tariffs are designed to shield vital American industries from international competition, stop foreign manufacturers from dumping inexpensive goods in the US, or both.

Learn more about the Tarrifs with the help of the given link:

brainly.com/question/11672570

#SPJ4

I understand that the question you are looking for is "Which of these actions was an economic cause of increased tensions between the North and South?

(a) Dred Scott decision

(b) Protective tariffs

(c) Bleeding Kansas

(d) Lincoln’s election"

6 0
1 year ago
A fixed amount of pay for working a week or a month is a(n) ___ .
laila [671]

Answer: it is called a salary

Explanation:

5 0
3 years ago
Read 2 more answers
Ashton Construction assembles residential houses. It uses a​ job-costing system with two​ direct-cost categories​ (direct materi
Dimas [21]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

In December 2016​, Ashton budgeted 2017 ​assembly-support costs to be $8,300,000 and 2017 direct​ labor-hours to be 166,000.

With this information, we can calculate the budgeted indirect cost rate. <u>However, we can't calculate the actual indirect cost rate. I will provide the formula for both and a small example of the actual indirect cost rate.</u>

To calculate the budgeted indirect cost rate, we need to use the following formula:

Budgeted indirect cost rate= total estimated indirect costs for the period/ total amount of allocation base

Budgeted indirect cost rate= 8,300,000/166,000= $50 per direct labor hour.

Let's suppose that actual indirect cost was of 8,000,000 and actual direct labor hours of 175,000:

Actual indirect cost rate= total actual indirect costs for the period/ total amount of allocation base

Actual indirect cost rate= 8,000,000/175,000= $45.71 per direct labor hour

7 0
3 years ago
In order to obtain leave under the Family and Medical Leave Act, an employee whose need for a leave is foreseeable must advise t
Butoxors [25]

Answer:

<u>30</u>

Explanation:

Under the relevant provisions of the Family Medical Leave Act, an employee whose leave requirements for the future are already known to him or which are predictable, should serve a notice for leave in the same regard at least 30 days prior to the expected date from which the leave shall begin.

If such leaves cannot be anticipated 30 days prior, the employee in such a scenario shall serve the notice for leave as soon as possible i.e the moment the leaves are anticipated. The term associated with above being, "as soon as practicable".

3 0
3 years ago
Aden is a small engine mechanic who earns a regular hourly rate of $15.68. For overtime, he earns time and a half on Saturdays a
garri49 [273]

Answer:

Total pay is : $909.44

Explanation:

$15. 68/2 = 7.84 times 8 = 627.20

15.68 times 2 = 31.36 times 7 = 219.52

$627.20 +$ 62.72 + $219.52 = $ 909.44

3 0
3 years ago
Other questions:
  • Examples of _____ controls include production quality control and internal auditing. feedforward feedback vertical horizontal id
    6·1 answer
  • You purchased 2,200 shares of the New Fund at a price of $25 per share at the beginning of the year. You paid a front-end load o
    12·1 answer
  • The aspect of business ethics that examines business institutions from a social rather than an individual perspective is referre
    12·1 answer
  • The substitution effect is the concept that if the price of x goes ________ , there will be an increase (shift right) to x away
    12·1 answer
  • Emerald Energy is an oil exploration and production company that trades on the London stock market.Assume that when purchased by
    9·1 answer
  • Isaac benefited from his experience working for an established private company that provided state-of-the-art lighting for music
    14·1 answer
  • A company is about to go public. it announces that it plans to pay a $1 per share dividend in its first year of existence and 2$
    6·1 answer
  • Suppose the price of movie tickets decline. The income effect means that :
    13·1 answer
  • Your company is trying to decide which one of two projects it should accept. Both projects have the same start-up costs. Project
    9·1 answer
  • Most real-world choices aren't about getting all of one thing or another, instead, most choices involve _________________, which
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!