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).

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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