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Boyne University offers an extensive continuing education program in numerous cities. For the convenience of...

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Accounting

Boyne University offers an extensive continuing education program in numerous cities. For the convenience of its faculty and administrative staff and to save costs, the university operates a motor pool. The motor pool's monthly planning budget is based on operating 21 vehicles; however, for the month of March, the university purchased one additional vehicle. The motor pool furnishes gasoline, oil, and other supplies for its automobiles. A mechanic does routine maintenance and minor repairs. Major repairs are performed at a nearby commercial garage.
The following cost control report shows actual operating costs for March compared to that month's planning budget:
\table[[\table[[Boyne Un],[Cost],[For the]],\table[[ity Motor],[rol Repor],[Ended Ma],[March],[Actual]],\table[[31],[Planning],[Budget]],\table[[(Over)],[Under],[Budget]]],[Miles,56,700,48,700,],[Autos,22,21,in:],[Gasoline,$10,220,$9,253,$(967)
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