Prepare the schools planning budget

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Reference no: EM13789420

Cecere 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 Variable element Variable element

per month per student per course

Revenue $0 $488 $0

Faculty wages $0 $0 $2,900

Course supplies $0 $76 $42

Administrative expenses $55,700 $26 $29

In February, the school budgeted for 1,740 students and 160 courses. The actual activity for the month was 1,540 students and 161 courses.

Required:

Prepare the school's planning budget for February.

Reference no: EM13789420

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