Essay
Riggan 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 December, the school budgeted for 1,970 students and 163 courses. The school's income statement showing the actual results for the month appears below: 
Required:
Prepare a flexible budget performance report showing both the school's activity variances and revenue and spending variances for December. Label each variance as favorable (F) or unfavorable (U).
Correct Answer:
Verified
Correct Answer:
Verified
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