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
Q98: Piechocki Corporation manufactures and sells a single
Q100: Ocean Corporation uses customers served as its
Q101: Wellmann Corporation is a service company that
Q102: Chimilio Clinic uses client-visits as its measure
Q104: Prowse Corporation is an oil well service
Q106: Paulis Kennel uses tenant-days as its measure
Q107: Leist Clinic uses client-visits as its measure
Q108: Tuton Memorial Diner is a charity supported
Q128: Cardero Midwifery's cost formula for its wages
Q318: Using a flexible budget, actual results can