Actual Planned Enrollment 5,000 4,500 Tuition per credit hour $115 $100 Credit hours 80,000 72,000 Registration,...

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Actual Planned Enrollment 5,000 4,500 Tuition per credit hour $115 $100 Credit hours 80,000 72,000 Registration, records, and marketing costs per enrolled student $300 $300 Instructional costs per credit hour $45 $40 Depreciation on classrooms and equipment $1,875,000 $1,875,000 Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of cred hours. Depreciation is a fixed cost. Prepare a variable costing income statement showing the contribution margin and operating income for the Fall term. Broadwater Institute & Technical School Variable Costing Income Statement For the Fall Term < Line Item Description Amount Revenue Variable costs: Registration, records, and marketing costs $ Instructional costs Total variable costs Contribution margin Depreciation on classrooms and equipment Actual Planned Enrollment 5,000 4,500 Tuition per credit hour $115 $100 Credit hours 80,000 72,000 Registration, records, and marketing costs per enrolled student $300 $300 Instructional costs per credit hour $45 $40 Depreciation on classrooms and equipment $1,875,000 $1,875,000 Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of cred hours. Depreciation is a fixed cost. Prepare a variable costing income statement showing the contribution margin and operating income for the Fall term. Broadwater Institute & Technical School Variable Costing Income Statement For the Fall Term < Line Item Description Amount Revenue Variable costs: Registration, records, and marketing costs $ Instructional costs Total variable costs Contribution margin Depreciation on classrooms and equipment