Flexible Budget Performance Report Courses Students Revenue Expenses. Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income For the Month Ended September 30 Actual Results 4 54 49.300 11,000 15.450 1.850 5 100 2.340 3.454 39.194 S 10,106 Flexible Budget Planning Bud
Flexible Budget Performance Report Courses Students Revenue Expenses. Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income For the Month Ended September 30 Actual Results 4 54 49.300 11,000 15.450 1.850 5 100 2.340 3.454 39.194 S 10,106 Flexible Budget Planning Bud
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 3E: Salisbury Bottle Company manufactures plastic two-liter bottles for the beverage industry. The cost...
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Concept explainers
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
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 income and expenses.
Question
Complete the flexibile budget performance report
Transcribed Image Text:The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost
drivers it uses in its budgeting and performance reports the number of courses and the total number of students. For
example, the school might run two courses in a month and have a total of 60 students enrolled in those two courses. Data
concerning the companys cost formulas appear below: 18:02 Fixed Cost per Month Cost per Course Cost per Student
Instructor wages $ 2,930 Classroom supplies $260 Utilities $ 1,220 55 Campus rent $ 5,100 Insurance Administrative
expenses 2,200 3,500 $ 42 $ 6 For example, administrative expenses should be $3,500 per month plus
Flexible Budget Performance Report
Courses
Students
Revenue
Expenses.
Instructor wages
Classroom supplies
Utilities
Campus rent
Insurance
Administrative expenses
Total expense
Net operating income
For the Month Ended September 30
Actual Results
4
54
49.300
11,000
15.450
1.850
5 100
2.340
3.454
39.194
S
10,106
Flexible
Budget
Planning Budget
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