Franklin Training Services (FTS) provides instruction on the use of computer software for the employees...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Franklin Training Services (FTS) provides instruction on the use of computer software for the employees of its corporate clients. It offers courses in the clients offices on the clients equipment. The only major expense FTS incurs is instructor salaries; it pays instructors $5,300 per course taught. FTS recently agreed to offer a course of instruction to the employees of Novak Incorporated at a price of $490 per student. Novak estimated that 20 students would attend the course. Base your answers on the preceding information.
FTS sells a workbook with printed material unique to each course to each student who attends the course. Any workbooks that are not sold must be destroyed. Prior to the first class, FTS printed 20 copies of the books based on the clients estimate of the number of people who would attend the course. Each workbook costs $30 and is sold to course participants for $47. This cost includes a royalty fee paid to the author and the cost of duplication.
k. Calculate the workbook cost in total and per student, assuming that 17, 20, or 22 students attempt to attend the course.
l. Classify the cost of workbooks as fixed or variable relative to the number of students attending the course.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
