FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future…
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Assume that a company has two cost drivers-number of courses and number of students. The planned number of courses and students were 5 and 100, respectively. The actual number of courses and students were 6 and 110, respectively. One of the company's expenses is influenced by both cost drivers. Its cost formulas are $42 per course and $6 per student. The total cost included in the flexible budget for this expense would be: Multiple Choice O O C $1,012. $912. $812. $760.
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Transcribed Image Text:Assume that a company has two cost drivers-number of courses and number of students. The planned number of courses and students were 5 and 100, respectively. The actual number of courses and students were 6 and 110, respectively. One of the company's expenses is influenced by both cost drivers. Its cost formulas are $42 per course and $6 per student. The total cost included in the flexible budget for this expense would be: Multiple Choice O O C $1,012. $912. $812. $760.
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Step 1: Explanation of Flexible Budget
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Step 2: Calculation of Total Flexible Cost
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