This is apart of the same question. Once again, this is ONE question. Registration, records, and marketing costs vary by the number of enrolled students, while in-structional costs vary by the number of credit hours. Depreciation is a fixed cost.A. Prepare a variable costing income statement showing the contribution margin and incomefrom operations for the Fall term.B. Prepare a contribution margin analysis report comparing planned with actual performancefor the Fall term. Obj. 5, 6EX 20-22 Variable costing income statement and contribution marginanalysis for a service companyn The actual and planned data for Underwater University for the Fall term were as follows:ActualPlannedEnrollment4,5004,125Tuition per credit hour$120$135Credit hours60,45043,200Registration, records, and marketing cost per enrolled student$275$275Instructional costs per credit hourDepreciation on classrooms and equipment$64$60$825,600$825,600

Variable costing: Variable costing is the method that is used by the management (managers) for…

A. Prepare a variable costing income statement showing the contribution margin and income from operations for the Fall term. B. Prepare a contribution margin analysis report comparing planned with actual performance for the Fall term.

A. Prepare a variable costing income statement showing the contribution margin and income from operations for the Fall term. B. Prepare a contribution margin analysis report comparing planned with actual performance for the Fall term.

Managerial Accounting

15th Edition

ISBN:9781337912020

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

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

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 18E: Variable costing income statement for a service company The actual and planned data for Underwater...

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