Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the photocopying department in a community college

The photocopying department in a community college has budgeted monthly costs at $40,000 per month...

50.1K

Verified Solution

Question

Accounting

The photocopying department in a community college has budgeted monthly costs at $40,000 per month plus $7 per student. Normally 800 students 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.

REQUIRED

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

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

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

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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

A battery is constructed from these two half reactions:             i.   VO2+   +   2 H+ + e-   →...

Physics
1.2K views

Two friends, Al and Jo, have a combined mass of 166 kg. At the ice skating...

Psychology
1.2K views

While watching an infomercial on TV, you hear a so-called nutrition expert make claims for a...

General Management
1.2K views

McDonalds in the early Kroc years. What was the value proposition offered by McDonalds? What brought...

Accounting
1.2K views

Govt and Nonprofit Accounting (27.) Listed below are selected transactions form the City of Watertown Hospital. All amounts...

Statistics
1.2K views

point s possible In a survey conducted by a reputable marketing agency 268 of 1000...

Calculus
1.2K views

dt Thus the enclosed area is increasing at the rate of 80 cm s when...

Algebra
1.2K views

A sum of money amounting to 4 05 consists of dimes and quarters If there...

Accounting
1.2K views

Discuss how Funding for Ontario colleges and universities to be tied...

Accounting
1.2K views

Under Risk-premium Analysis, if the borrower increases its loan amount from 10 million to 100...

Accounting
1.2K views

31 point There were 20,000 units completed and transferred out and 5,000 units...

Accounting
1.2K views

On Dec 10, sold seven office computers to a company located in Colombia for 8,541,000...