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What was the amount of operating income

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Question 1: Star of the Sea School has annual fixed costs of $150,000 and variable costs of $550 per student. Star of the Sea expects 345 students for the upcoming year. If the school wishes to earn a profit of $10,000, what should tuition per student be (round answer to nearest $)?

Question 2: The total master-budget variance for Stallon Corporation for the month of June was $7,000 unfavorable; the total flexible budget variance was $3,000 unfavorable. Actual results for the month showed $3,000 of net operating income.

a. What was the amount of operating income the flexible budget would have shown for the actual activity level for June?

b. What was the amount of operating income in the master budget for the month of June?

Reference no: EM132509451

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