Cosme 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 April, the school budgeted for 1,870 students and 174 courses. The school's income statement showing the actual results for the month appears below: Required:
Prepare a showing the school's revenue and spending variances for April. Label each variance as favorable (F) or unfavorable (U).

Question

Cosme 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 April, the school budgeted for 1,870 students and 174 courses. The school's income statement showing the actual results for the month appears below:  Required:
Prepare a showing the school's revenue and spending variances for April. Label each variance as favorable (F) or unfavorable (U).

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The Answer of Cosme 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 April, the school budgeted for 1,870 students and 174 courses. The school's income statement showing the actual results for the month appears below:  Required:
Prepare a showing the school's revenue and spending variances for April. Label each variance as favorable (F) or unfavorable (U).

Cosme Tech Is a For-Profit Vocational School