Roberds Tech is a for-profit vocational school. The school bases its budgets on two measures of activity (i.e., cost drivers), namelystudent and course. The school uses the following data in its budgeting:RevenueFaculty wagesCourse suppliesAdministrative expensesActual studentsActual coursesRevenueExpenses:Faculty wagesCourse suppliesAdministrative expensesTotal expenseNet operating incomeIn March, the school budgeted for 1,720 students and 69 courses. The school's income statement showing the actual results for themonth appears below:Roberds TechIncome StatementFor the Month Ended March 31StudentsCoursesRevenueExpenses:Fixed elementper monthFaculty wagesCourse suppliesAdministrative expenses$0$0$0$ 25,550Total expenseNet operating incomeVariableelement perstudent$203$0$33Required:Prepare a flexible budget performance report showing both the school's activity variances and revenue and spending variances forMarch. Label each variance as favorable (F) or unfavorable (U).Actual Results1,62072$316,340Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zerovariance). Input all amounts as positive values.1,62072$8205,45053,09041,562300,102$ 16,238Variableelement percourse$0$ 2,910$ 21$33Roberds TechFlexible Budget Performance ReportFor the Month Ended March 31Revenue and Spending Flexible BudgetVariances1,62072Activity VariancesPlanningBudget1,72069

The flexible budget report is prepared to compare the actual and standard budget data. The revenue…

Roberds 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: Revenue Faculty wages Course supplies Administrative expenses Fixed element per month $0 $0 $0 $ 25,550 Actual students Variable element per student $ 203 $0 $ 33 $8 Roberds Tech Income Statement For the Month Ended March 31 In March, the school budgeted for 1,720 students and 69 courses. The school's income statement showing the actual results for the month appears below: Variable element per 1.620 course $0 $ 2,910 $ 21 $ 33

Roberds 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: Revenue Faculty wages Course supplies Administrative expenses Fixed element per month $0 $0 $0 $ 25,550 Actual students Variable element per student $ 203 $0 $ 33 $8 Roberds Tech Income Statement For the Month Ended March 31 In March, the school budgeted for 1,720 students and 69 courses. The school's income statement showing the actual results for the month appears below: Variable element per 1.620 course $0 $ 2,910 $ 21 $ 33

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 1E: At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of...

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ShawnTech 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: Fixed element per month variable element per student variable element per course revenue $0 $354 $0 faculty wages $0 $0 $2,300 course supplies $0 $48 $40 administrative expenses $41,700 $13 $21 In October, the school budgeted for 1,400 students and 127 courses. The actual activity for the month was 1,500 students and 129 courses. Prepare a report showing the school's activity variances for October. Label each variance as favorable (F) or unfavorable (U).
Roberds 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: Fixed element per month Variable element per student Variable element per course Revenue $ 0 $ 298 $ 0 Faculty wages $ 0 $ 0 $ 3,100 Course supplies $ 0 $ 52 $ 40 Administrative expenses $ 26,500 $ 27 $ 52 In March, the school budgeted for 1,910 students and 88 courses. The school's income statement showing the actual results for the month appears below: Roberds Tech Income Statement For the Month Ended March 31 Actual students 1,810 Actual courses 91 Revenue $ 411,340 Expenses: Faculty wages 214,950 Course supplies 62,590 Administrative expenses 84,562 Total expense 362,102 Net operating income $ 49,238 Required: Prepare a flexible budget performance report showing both the school's activity variances and revenue and spending…
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