Rizza Tech Is a For-Profit Vocational School

Essay

Rizza 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 April, the school budgeted for 1,350 students and 45 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 April. Label each variance as favorable (F) or unfavorable (U).