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).

Quizplus · Accepted Answer

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