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Excel College started operating in Melbourne during 2018 to provide private tutoring services to school...

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Accounting

Excel College started operating in Melbourne during 2018 to provide private tutoring services to school students. As part of Excel's operating model, it provides face to face classes in rented teaching spaces. Excel rents its own teaching spaces. It has just entered into a leasing arrangement which locks in the rental rate for the next 3 years. However, if there is a significant increase to the number of enrolled students, Excel would need to find additional classroom space to rent, ideally near its existing location.Which of the statements is likely to be true
1. Excel's total rent expense for teaching spaces will not change from term to term unless the number of students enrolled at the college exceeds its relevant range.
2. Excel's total rent expense is more appropriately classified as a fixed cost rather than a variable cost
Answer:
A.1 only
B.2 only
C. Both correct
D. None of the statements correct

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