Spring Cleaning for the Mind (Clean Mind) provides individual guided meditation and exercise programs for...
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Spring Cleaning for the Mind (Clean Mind) provides individual guided meditation and exercise programs for people struggling to rebloom after a long, dreary winter.
Clean Minds annual rent for the building (that includes utilities) and leases for exercise equipment total $240,000 per year (total for all 3, not $240,000 each).
Each meditation session uses $2.50 in materials. There are no supplies consumed for exercise sessions.
The Mind hires Meditation Counselors and Personal Trainers on a freelance contract basis and does not provide them any benefits. Meditation counselors earn $15 per meditation session and Personal Trainers are paid $25 per exercise session. The Minds Director is paid a salary of $55,000 per year
The Minds manager projects they would sell 5000 meditation sessions at $27.50 each and 5200 exercise sessions at $40 each in 2023.
What is The Minds: (5 points)
Revenue Variance
Cost Variance
Answer & Explanation
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