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Cortana Institute is an academic institute which prepares its budget based upon two cost drivers,...

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Accounting

Cortana Institute is an academic institute which prepares its budget based upon two cost drivers, namely number of students and number of courses. The budgeting data given below relates to the month of November:

Fixed component per month (Rs.)

Variable component per student (Rs.)

Variable component per course (Rs.)

Revenue

0

408

0

Teacher salaries

0

0

2,400

Course materials

0

69

46

Operating expenses

33,100

15

33

In November, the institute budgeted for 1,440 students and 135 courses. The actual activity for the month was 1,810 students and 139 courses.

Prepare the planning budget for the month of November.

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