Oceanview School, a private high school, is preparing a planned income statement for the coming academic year ending August 31, 2013. Tuition revenues for the past two years ending August 31 were as follows: 2012, $840,000; and 2011, $880,000. Total expenses for 2012 were $830,000 and in 2011 were $844,000. No tuition rate changes occurred in 2011 or 2012, nor are any expected to occur in 2013. Tuition revenue is expected to be $830,000 for 2013. What net income should be planned for 2013, assuming that the implied cost behavior remains unchanged?
Answer to relevant QuestionsWashta Software develops and markets computer software for the agriculture industry. Because support costs are a large portion of the cost of software development, the director of cost operations of Washta, Vera Soren, is ...Study Appendix 3. Read the previous problem. If you worked that problem, use your measured cost functions. If you did not work the previous problem, assume the following measured cost functions:Y = $9,000/week + ($6 × ...Dogwood Signs makes customized wooden signs for businesses and residences. These signs are made of wood, which the owner glues and carves by hand or with power tools. After carving the signs, she paints them or applies a ...Why are cost accounting systems critically important to managers?“ABC systems are always more accurate than traditional costing systems.” Do you agree? Explain.
Post your question