Accounting help needed URGENT

May 5th, 2015
RockCafe
Category:
Accounting
Price: $10 USD

Question description

The photocopying department in a community college has budgeted monthly costs at $40,000 per  month plus $7 per student. Normally 800 student are enrolled. During January  there were 730 students (which is within the relevant range). At the end of the month, actual fixed costs were $42,000, and variable costs were $3,650.

A. Develop a static budget for phtocopying costs based on 800 students.

B. Calculate the January static budget variance for fixed and variable photocopyin costs.

C. Develope a flexible budget for the actual volume of students in January

D. Calculate the January flexible budget variance for fixed and variabe photocopying  costs.

E. Which variance information - Part (B) or (D) - is of higher quality? Explain


Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UCLA
PREMIUM TUTOR

Studypool has helped 1,244,100 students

Summary
Quality
Communication
On Time
Value
BlueOcean
Jan 28th, 2017
" Awesome! Exactly what I wanted. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors