Ameigh Tech is a for-profit vocational school. The school bases its budgets on two measures...
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Accounting
Ameigh 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 | $335 | $0 |
| Faculty wages | $0 | $0 | $2,600 |
| Course supplies | $0 | $54 | $18 |
| Administrative expenses | $38,600 | $13 | $30 |
In June, the school budgeted for 1,890 students and 146 courses. The actual activity for the month was 2,290 students and 151 courses. Required: Prepare a report showing the school's activity variances for June. Label each variance as favorable (F) or unfavorable (U).
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