Hislop Tech is a for-profit vocational school. The school bases its budgets on two measures of activity (i.e., cost drivers), namely student and course. The school uses the following data in its budgeting:
In June, the school budgeted for 1,910 students and 111 courses. The school's income statement showing the actual results for the month appears below:
Required:Prepare a report showing the school's revenue and spending variances for June. Label each variance as favorable (F) or unfavorable (U).

Question

Hislop Tech is a for-profit vocational school. The school bases its budgets on two measures of activity (i.e., cost drivers), namely student and course. The school uses the following data in its budgeting:
  In June, the school budgeted for 1,910 students and 111 courses. The school's income statement showing the actual results for the month appears below:
  Required:Prepare a report showing the school's revenue and spending variances for June. Label each variance as favorable (F) or unfavorable (U).

Quizplus · Accepted Answer

The Answer of Hislop Tech is a for-profit vocational school. The school bases its budgets on two measures of activity (i.e., cost drivers), namely student and course. The school uses the following data in its budgeting:
  In June, the school budgeted for 1,910 students and 111 courses. The school's income statement showing the actual results for the month appears below:
  Required:Prepare a report showing the school's revenue and spending variances for June. Label each variance as favorable (F) or unfavorable (U).

Hislop Tech Is a For-Profit Vocational School