ouTube

Maps

n $9$ Homework

Help

Save & Exit

Subr

$5$

Required:

Prepare a flexible budget performance report for September.

Note: Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$ Input all amounts as positive values.

oints

eBook

Print

References

$\backslash$table$[[$Gourmand Cooking School$],[$Flexible Budget Performance Report$],[$For the Month Ended September $30],[,$Actual Results,,$\backslash$table$[[$Flexible$],[$Budget$]],,,\backslash$table$[[$Planning$],[$Budget$]]],[$Courses$,4,,,,,],[$Students$,58,,,,,],[$Revenue$,50,420,F,,,U,],[\backslash$table$[[$Revenue$],[$Expenses:$]]],[$Instructor wages,$11,000,F,,,$None,$],[$Classroom supplies,$18,450,U,,,F,],[$Utilities$,2,000,$U$,-,,$None,$],[$Campus rent,$5,000,0$ None,,$0,$None,$],[$Insurance$,2,540,$U$,,0,$None,$],[$Administrative expenses,$3,812,$F$,,,F,],[$Total expenses,$42,802,U,,,F,],[$Net operating income,$7,618,\sqrt[\phantom{2}]{F},,,U,]]$Ch $9$ Homework

Saved

The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses for budgeting purposes$-$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 $62$ students enrolled in those two courses. Data concerning the company's cost formulas appear below:

$5$ points

$\backslash$table$[[,\backslash$table$[[$Fixed$],[$Cost per$],[$Month$]],\backslash$table$[[$Cost per$],[$Course$]],\backslash$table$[[$Cost per$],[$Student$]]],[$Instructor wages,,$$2,930,$$$300$