Question 3 [4 Marks] Ibrahim Institute of Vocational Learning is an academic institute which prepares...
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Accounting
Question 3 [4 Marks] Ibrahim Institute of Vocational Learning is an academic institute which prepares its budget based upon two cost drivers, namely number of students and number of courses. The budgeting data given below relates to the month of November: Fixed component per month (Rs.) 0 0 Variable component per student (Rs.) 408 0 Variable component per course (Rs.) 0 2,400 Revenue Teacher salaries Course materials Operating expenses 0 69 46 33,100 15 33 In November, the institute budgeted for 1,450 students and 135 courses. The actual activity for the month was 1,810 students and 139 courses. Prepare the planning budget for the month of November
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