Develop a static budget for phtocopying costs

Reference no: EM13755345

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

Reference no: EM13755345

Questions Cloud

Accounting practices to mislead investors and creditors : The Securities and Exchange Commission (SEC) regulates public companies. The SEC has found that some of these companies have violated GAAP by using creative accounting practices to mislead investors and creditors regarding the health of their comp..

Development of the database : As an alternative for development of the database, you are considering outsourcing the functions above. Research the Internet and other media sources for vendors who develop registrar and school management database systems

Differences in tax and financial income : In each of the following cases, find tax expense, DTA or DTL balances for each year. Each example is independent. The company has no differences in tax and financial income.

Company use derivative financial statements : Refer to APPLE financial statements and the accompanying notes to answer the following questions. (Related to Investments) What investments does the company report in the current year, and how are these investments accounted for in its financial stat..

Develop a static budget for phtocopying costs : 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.

Why was the national organization for women founded : Why was the national organization for women founded?

CVP analysis is both simple and simplistic : "CVP analysis is both simple and simplistic. If you want realistic analysis to underpin your decisions, look beyond CVP analysis." Do you agree? Explain. "There is no such thing as a fixed cost. All costs can be unfixed given sufficient time." Do you..

Investments accounted for in its financial statements : (Related to Investments) What investments does the company report in the current year, and how are these investments accounted for in its financial statements? How are the company’s investments valued? How does the company determine fair value? How d..

What weaknesses of carolingian institutions of government : What were the strengths and weaknesses of Carolingian institutions of government, warfare, and defense?

User Account

All Pages