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