Required: Charts 1,2,3 pter 08 Pre-built Assignment to.mheducation.com/hm.tpx?-0

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Required: Charts 1,2,3

pter 08 Pre-built Assignment to.mheducation.com/hm.tpx?-0.1714808798567452 1524683518236 The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers that it uses in its budgeting and performance reports-the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 63 students enrolled in those two courses Data concerning the company's cost formulas appear below Fixed Cost Cost per Cost per per Month Course Student $2,950 Instructor wages Classroom supplies Utilities Campus rent Insurance S 300 $1.250 $ 60 5,000 S 2,400 Administrative expenses 3,700 $ 43 S 4 For example, administrative expenses should be $3,700 per month plus $43 per course plus $4 per student. The company's sales should average $900 per student The actual operating results for September appear below Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual S 53,800 $ 11,080 $ 18 750 S 1,900 S 5,000 s 2,540 $ 3,550 . the Gourmand Cooking School expects to run four courses with a total of 63 students in September Complete the company's planning budget for this level of activity Gourmand Cooking School Planning Budget For the Month Ended September 30 Revenue 56,700 Expenses instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses 18 900 Total expense 18 900 Net operating income 37800 2. The school actually ran four courses with a total of 55 stidents in September Complete the company's fexible budget for this level of activity Type here to search O

Explanation / Answer

1 Planning budget Revenue 56700 Expenses: Instructor wages 11800 Classroom supplies 18900 Utilities 1490 Campus rent 5000 Insurance 2400 Administrative expenses 4124 Total expense 43714 Net operating income 12986 2 Flexible budget Revenue 49500 Expenses: Instructor wages 11800 Classroom supplies 16500 Utilities 1490 Campus rent 5000 Insurance 2400 Administrative expenses 4092 Total expense 41282 Net operating income 8218 3 Revenue and spending variances Revenue 4300 F Expenses: Instructor wages 720 F Classroom supplies 2250 U Utilities 410 U Campus rent 0 None Insurance 140 U Administrative expenses 542 F Total expense 1538 U Net operating income 2762 F

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