Question

The actual and planned data for Underwater University for the Fall term 2014 were as follows:


Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of credit hours. Depreciation is a fixed cost.
a. Prepare a variable costing income statement showing the contribution margin and income from operations for the Fall 2014 term.
b. Prepare a contribution margin analysis report comparing planned with actual performance for the Fall 2014term.


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  • CreatedJune 27, 2014
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