Static and flexible budgets, variances, information quality

Assignment Help Accounting Basics

Reference no: EM13940246

10.22 - Static and flexible budgets, variances, information quality 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.

E. Which variance information-part (B) or (D)-is of higher quality? Explain

Reference no: EM13940246

Questions Cloud

What is the value of firm l : What is the value of Firm L, according to MM's Proposition I with corporate taxes? What is the Firm U's cost of equity?

How can a departmental overhead system be converted : How can a departmental overhead system be converted to a plantwide overhead system? Is the cost of a job related to the price charged? Explain.

Does partial treatment in sentencing exist in america courts : Does partial treatment in sentencing exist in America's courts? If so, how can it be corrected? What impact does partiality in sentencing have on the correctional facilities?

Create a testrectangle class that tests both constructors : An overloaded constructor that takes integer width and height arguments, uses a separate method to check whether the width and height fall within the range between 0 and 30, and throws an exception if out of range.

Static and flexible budgets, variances, information quality : 10.22 - Static and flexible budgets, variances, information quality 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 we..

Impact of the challenge on the system and society : Discuss the following with regards to an analysis of racial profiling in police stops and an analysis of wrongful convictions:- Impact of the Challenge on the System and Society and Historical Response to the Challenge and Strategies

What tax planning activities might pam consider : Since the major portion of Pam's income is based on commission, her earnings vary from one month to the next. This situation makes it difficult for her to establish a realistic budget. What tax planning activities might Pam consider

How do you figure out how to declare a variable : How do you figure out how to declare a variable? How do you know what type of variable to use? What is the best way to name a variable and why? What are the differences between an integer variable and a floating point variable? When and why do dat..

What is the value of etc according to mm with corporate tax : What is the value of ETC according to MM with corporate taxes? What is ETC's value (rounded to the nearest 1000) according to MM (including personal taxes)?

User Account

All Pages