Question

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 following data in its budgeting: Revenue Faculty wages Course supplies Administrative expenses Fixed element per month $ 0 $ 0 $ 0 $ 25,800 Variable element per student $ 228 $ 0 $ 38 $ 13 Variable element pe course $ 0 $ 2,960 $ 26 $ 38 In March, the school budgeted for 1,770 students and 74 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 1,670 Actual courses 77 Revenue $ 341,340 Expenses: Faculty wages 207,950 Course supplies 55,590 Administrative expenses 51,562 Total expense 315,102 Net operating income $ 26,238 Required:

          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 following data in its budgeting:

Revenue
Faculty wages
Course supplies
Administrative expenses

Fixed
element per
month
$ 0
$ 0
$ 0
$ 25,800

Variable
element per
student
$ 228
$ 0
$ 38
$ 13

Variable
element pe
course
$ 0
$ 2,960
$ 26
$ 38

In March, the school budgeted for 1,770 students and 74 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
1,670
Actual courses
77
Revenue
$ 341,340
Expenses:
Faculty wages
207,950
Course supplies
55,590
Administrative expenses
51,562
Total expense
315,102
Net operating income
$ 26,238

Required:

roberds tech is a for profit vocational school the school bases its budgets on two measures of activity ie cost drivers namely student and course the school uses following data in its budget 31185

Added by Jose Manuel M.

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