60.1K

Verified Solution

Link Copied!

The Gourmand Cooking School runs short cooking courses at its inall campus. Management has identified two cost drivers it uses in its budgeting and performance reports-the number of courses and the totat number of students. For example, the school might run two courses in a month and hove a totol of 63 students enrolled in those two courses. Data concerning the companys cost formulas appear below: For example, odministrative expenses should be $3,600 per month plus $42 per course plus $4 per student. The company's sales should average $890 per student The company ptanned to run fouf courses with a tosal of 63 students; however, it actually ran four courses with a totat of only 57 students. The actual operating results for September were as follows: Required: Prepare a fiexible budget performance report that shows both revenue and spending yariances and activly variances for Septembet. (indicate the effect of eneh varlanee by selecting "F" for foverable, "U" for unfavorable, and "None" for no effect (i,e.t rero variancel input all amounts as positive values.) Required: Prepare a fiexible budget performance report that shows both revenue and spending variances and activity variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect fi.e., zero variance), Input all amounts as positive values.) The Gourmand Cooking School runs short cooking courses at its inall campus. Management has identified two cost drivers it uses in its budgeting and performance reports-the number of courses and the totat number of students. For example, the school might run two courses in a month and hove a totol of 63 students enrolled in those two courses. Data concerning the companys cost formulas appear below: For example, odministrative expenses should be $3,600 per month plus $42 per course plus $4 per student. The company's sales should average $890 per student The company ptanned to run fouf courses with a tosal of 63 students; however, it actually ran four courses with a totat of only 57 students. The actual operating results for September were as follows: Required: Prepare a fiexible budget performance report that shows both revenue and spending yariances and activly variances for Septembet. (indicate the effect of eneh varlanee by selecting "F" for foverable, "U" for unfavorable, and "None" for no effect (i,e.t rero variancel input all amounts as positive values.) Required: Prepare a fiexible budget performance report that shows both revenue and spending variances and activity variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect fi.e., zero variance), Input all amounts as positive values.)

Answer & Explanation Solved by verified expert

See Answer