Essay
Hislop Tech is a for-profit vocational school. The school bases its budgets on two measures of activity (i.e., cost drivers), namely student and course. The school uses the following data in its budgeting:
In June, the school budgeted for 1,910 students and 111 courses. The school's income statement showing the actual results for the month appears below:
Required:Prepare a report showing the school's revenue and spending variances for June. Label each variance as favorable (F) or unfavorable (U).
Correct Answer:
Verified
Correct Answer:
Verified
Q366: Hubbard Kennel uses tenant-days as its measure
Q367: Brookings Corporation is an oil well service
Q368: Gordin Kennel uses tenant-days as its measure
Q369: Lochner Corporation is an oil well service
Q370: Sincell Corporation uses customers served as its
Q372: Canniff Air uses two measures of activity,
Q373: Roberds Tech is a for-profit vocational school.
Q374: Lawes Corporation manufactures and sells a single
Q375: Kaina Clinic uses client-visits as its measure
Q376: Paulis Kennel uses tenant-days as its measure