Do Homework - Module 2 Homework - Google Chrome X mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=657948878&questionld=2&flushed=false&cld=7556117¢erwin=yes ACCT 601 - Accounting for Decision Making and Control Abby Ackerman 09/07/23 7:07 AM

Do Homework - Module 2 Homework - Google Chrome X mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=657948878&questionld=2&flushed=false&cld=7556117&centerwin=yes ACCT 601 - Accounting for Decision Making and Control Abby Ackerman 09/07/23 7:07 AM @ Homework: Module 2 Homework Question 13, P3-51 (similar to) HW Score: 58.47%, 29.24 of 50 points Part 3 of 4 * Points: 0 of 3 Save Gottschalk Music Center Company (GMC) provides instrumental music education to children of all ages. Payment for services comes from GMC conducted an activity analysis and found that teaching staff wages and supplies costs are variable with respect Question list K two sources: (1) a contract with Imagine That School to provide private music lessons for up to 140 band students a year (where a year is to student-months. (A student-month is one student educated for 1 month.) Administrative staff and facilities costs are fixed within 9 months of education) for a fixed fee of $150,000, and (2) payment from individuals at a rate of $120 per month for 9 months of education the range of 1,800-2,300 student-months. At volumes between 2,300 and 2,800 student-months, an additional facilities charge of Question 6 each year. In the 2012-2013 school year, GMC made a profit of $1,000 on revenues of $270,000: $2,800 would be incurred. During the last year, a total of 2,200 student-months of education were provided, 1,000 of which were (Click the icon to view the data.) for private students and 1,200 of which were offered under the contract with Imagine That School. Read the requirements. Question 7 Question 8 Requirement 1. Compute the fixed cost per year and the variable cost per student-month using the cost information from the 2012-2013 year of operations. Fixed cost per year amount to $ 115,000. Question 9 Variable cost per student-month amount to $ 70 Requirement 2. Suppose that in 2013-2014 Imagine That School decreased its use of GMC to 90 students (that is, 810 student-months). The fixed contract price of $150,000 was still paid. If everything else stayed as it was in 2012-2013, what profit or loss would be made in Question 10 2013-2014? Complete the table below to calculate the profit or loss for 2013-2014 assuming that Imagine That School decreased its use of GMC to 90 students (that is, 810 student-months) but that everything else stayed the same from 2012-2013. Total revenues O Question 11 Variable costs Total contribution margin O Question 12 Fixed costs Profit (Loss) Question 13 Question 14 Question 15 Question 16 Question 17 Help me solve this Video Get more help - Clear all Check