problem 8.5 a, b, c, d, e

Refer to Problem 8.4. Assume the results reported in that proh except that a difference existed among budgeted (static) enroo realized enrollment. The corrected results are presented above. a. Construct Carroll's flexible budgets for 2015. (Hint: Becan rollment and change in enrollment, creating three flexible budgets is See the note to Exhibit 8.7.) cause of ts is necessary. b. What are the profit variance, revenue variance, and cost va c. Focus on the rev enue side. What is the volume variance? The variance? Break the volume variance into enrollment and price utilization components. How does your answer here differ from your corresponding answer to Problem 8.4? d. Now consider the cost side. What are the vol lume and management variances? Break down the management variance into labor supplies, and fixed costs variances. e. Interpret your results. In particular, focus on the differences between the variance analysis here and the one in Problem 8.4