The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 62 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
| Fixed Cost per Month | Cost per Course | Cost per Student |
|||||
| Instructor wages | $ | 2,950 | |||||
| Classroom supplies | $ | 270 | |||||
| Utilities | $ | 1,240 | $ | 55 | |||
| Campus rent | $ | 4,600 | |||||
| Insurance | $ | 2,400 | |||||
| Administrative expenses | $ | 3,700 | $ | 41 | $ | 4 | |
For example, administrative expenses should be $3,700 per month plus $41 per course plus $4 per student. The company’s sales should average $850 per student.
The company planned to run four courses with a total of 62 students; however, it actually ran four courses with a total of only 54 students. The actual operating results for September appear below:
| Actual | ||
| Revenue | $ | 49,800 |
| Instructor wages | $ | 11,080 |
| Classroom supplies | $ | 16,590 |
| Utilities | $ | 1,870 |
| Campus rent | $ | 4,600 |
| Insurance | $ | 2,540 |
| Administrative expenses | $ | 3,538 |
Required:
Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 60 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
| Fixed Cost per Month | Cost per Course | Cost per Student |
|||||
| Instructor wages | $ | 2,920 | |||||
| Classroom supplies | $ | 300 | |||||
| Utilities | $ | 1,220 | $ | 90 | |||
| Campus rent | $ | 5,000 | |||||
| Insurance | $ | 2,200 | |||||
| Administrative expenses | $ | 3,800 | $ | 42 | $ | 5 | |
For example, administrative expenses should be $3,800 per month plus $42 per course plus $5 per student. The company’s sales should average $880 per student.
The company planned to run four courses with a total of 60 students; however, it actually ran four courses with a total of only 56 students. The actual operating results for September appear below:
| Actual | ||
| Revenue | $ | 49,900 |
| Instructor wages | $ | 10,960 |
| Classroom supplies | $ | 17,850 |
| Utilities | $ | 1,990 |
| Campus rent | $ | 5,000 |
| Insurance | $ | 2,340 |
| Administrative expenses | $ | 3,694 |
Required:
Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 64 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
| Fixed Cost per Month | Cost per Course | Cost per Student |
|||||
| Instructor wages | $ | 2,960 | |||||
| Classroom supplies | $ | 300 | |||||
| Utilities | $ | 1,240 | $ | 65 | |||
| Campus rent | $ | 5,100 | |||||
| Insurance | $ | 2,100 | |||||
| Administrative expenses | $ | 3,900 | $ | 41 | $ | 5 | |
For example, administrative expenses should be $3,900 per month plus $41 per course plus $5 per student. The company’s sales should average $900 per student.
The company planned to run four courses with a total of 64 students; however, it actually ran four courses with a total of only 60 students. The actual operating results for September appear below:
| Actual | ||
| Revenue | $ | 54,700 |
| Instructor wages | $ | 11,120 |
| Classroom supplies | $ | 19,050 |
| Utilities | $ | 1,910 |
| Campus rent | $ | 5,100 |
| Insurance | $ | 2,240 |
| Administrative expenses | $ | 3,810 |
Required:
Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 63 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
| Fixed Cost per Month | Cost per Course | Cost per Student |
|||||
| Instructor wages | $ | 2,950 | |||||
| Classroom supplies | $ | 300 | |||||
| Utilities | $ | 1,210 | $ | 80 | |||
| Campus rent | $ | 5,100 | |||||
| Insurance | $ | 2,200 | |||||
| Administrative expenses | $ | 3,800 | $ | 45 | $ | 5 | |
For example, administrative expenses should be $3,800 per month plus $45 per course plus $5 per student. The company’s sales should average $890 per student.
The company planned to run four courses with a total of 63 students; however, it actually ran four courses with a total of only 53 students. The actual operating results for September appear below:
| Actual | ||
| Revenue | $ | 53,170 |
| Instructor wages | $ | 11,080 |
| Classroom supplies | $ | 18,750 |
| Utilities | $ | 1,940 |
| Campus rent | $ | 5,100 |
| Insurance | $ | 2,340 |
| Administrative expenses | $ | 3,721 |
Required:
Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.
In: Accounting
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 64 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
| Fixed Cost per Month | Cost per Course | Cost per Student |
|||||
| Instructor wages | $ | 2,910 | |||||
| Classroom supplies | $ | 310 | |||||
| Utilities | $ | 1,220 | $ | 85 | |||
| Campus rent | $ | 4,800 | |||||
| Insurance | $ | 2,300 | |||||
| Administrative expenses | $ | 3,800 | $ | 41 | $ | 5 | |
For example, administrative expenses should be $3,800 per month plus $41 per course plus $5 per student. The company’s sales should average $880 per student.
The company planned to run four courses with a total of 64 students; however, it actually ran four courses with a total of only 58 students. The actual operating results for September appear below:
| Actual | ||
| Revenue | $ | 53,420 |
| Instructor wages | $ | 10,920 |
| Classroom supplies | $ | 19,690 |
| Utilities | $ | 1,970 |
| Campus rent | $ | 4,800 |
| Insurance | $ | 2,440 |
| Administrative expenses | $ | 3,710 |
Required:
Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
You've been hired by Yogurt Yummies to write a C++ console application that calculates and displays the cost of a customer’s yogurt purchase. Use a validation loop to prompt for and get from the user the number of yogurts purchased in the range 1-9. Then use a validation loop to prompt for and get from the user the coupon discount in the range 0-20%. Calculate the following:
● Subtotal using a cost of $3.50 per yogurt.
● Subtotal after discount
● Sale tax using rate of 6%.
● Total
Use formatted output manipulators (setw, left/right) to print the following rows:
● Yogurts purchased
● Yogurt cost ($)
● Discount (%)
● Subtotal ($)
● Subtotal after discount ($)
● Tax ($)
● Total ($)
And two columns:
● A left-justified label (including units)
● A right-justified value.
Define constants for the yogurt cost, sales tax rate, and column widths. Format all real numbers to two decimal places. Run the program with invalid and valid inputs. The output should look like this:
Welcome to Yogurt Yummies
-------------------------
Enter the number of yogurts purchased (1-9): 12
Error: '12' is an invalid number of yogurts.
Enter the number of yogurts purchased (1-9): 4
Enter the percentage discount (0-20): 30
Error: '30.00' is an invalid percentage discount.
Enter the percentage discount (0-20): 10
Yogurts: 4
Yogurt cost ($): 3.50
Discount (%): 10.00
Subtotal ($): 14.00
Total after discount ($): 12.60
Tax ($): 0.76
Total ($): 13.36
End of Yogurt Yummies
In: Computer Science
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 61 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
| Fixed Cost per Month | Cost per Course | Cost per Student |
|||||
| Instructor wages | $ | 2,940 | |||||
| Classroom supplies | $ | 270 | |||||
| Utilities | $ | 1,200 | $ | 80 | |||
| Campus rent | $ | 4,800 | |||||
| Insurance | $ | 2,100 | |||||
| Administrative expenses | $ | 3,900 | $ | 42 | $ | 4 | |
For example, administrative expenses should be $3,900 per month plus $42 per course plus $4 per student. The company’s sales should average $880 per student.
The company planned to run four courses with a total of 61 students; however, it actually ran four courses with a total of only 57 students. The actual operating results for September appear below:
| Actual | ||
| Revenue | $ | 50,780 |
| Instructor wages | $ | 11,040 |
| Classroom supplies | $ | 16,320 |
| Utilities | $ | 1,930 |
| Campus rent | $ | 4,800 |
| Insurance | $ | 2,240 |
| Administrative expenses | $ | 3,738 |
Required:
Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 62 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
| Fixed Cost per Month | Cost per Course | Cost per Student |
|||||
| Instructor wages | $ | 2,900 | |||||
| Classroom supplies | $ | 260 | |||||
| Utilities | $ | 1,210 | $ | 80 | |||
| Campus rent | $ | 4,700 | |||||
| Insurance | $ | 2,400 | |||||
| Administrative expenses | $ | 3,800 | $ | 43 | $ | 6 | |
For example, administrative expenses should be $3,800 per month plus $43 per course plus $6 per student. The company’s sales should average $900 per student.
The company planned to run four courses with a total of 62 students; however, it actually ran four courses with a total of only 54 students. The actual operating results for September appear below:
| Actual | ||
| Revenue | $ | 52,900 |
| Instructor wages | $ | 10,880 |
| Classroom supplies | $ | 15,970 |
| Utilities | $ | 1,940 |
| Campus rent | $ | 4,700 |
| Insurance | $ | 2,540 |
| Administrative expenses | $ | 3,770 |
Required:
Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 63 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
| Fixed Cost per Month | Cost per Course | Cost per Student |
|||||
| Instructor wages | $ | 2,930 | |||||
| Classroom supplies | $ | 280 | |||||
| Utilities | $ | 1,240 | $ | 75 | |||
| Campus rent | $ | 4,700 | |||||
| Insurance | $ | 2,400 | |||||
| Administrative expenses | $ | 3,800 | $ | 44 | $ | 3 | |
For example, administrative expenses should be $3,800 per month plus $44 per course plus $3 per student. The company’s sales should average $860 per student.
The company planned to run four courses with a total of 63 students; however, it actually ran four courses with a total of only 57 students. The actual operating results for September appear below:
| Actual | ||
| Revenue | $ | 51,280 |
| Instructor wages | $ | 11,000 |
| Classroom supplies | $ | 17,490 |
| Utilities | $ | 1,950 |
| Campus rent | $ | 4,700 |
| Insurance | $ | 2,540 |
| Administrative expenses | $ | 3,591 |
Required:
Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 65 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
| Fixed Cost per Month | Cost per Course | Cost per Student |
|||||
| Instructor wages | $ | 2,910 | |||||
| Classroom supplies | $ | 270 | |||||
| Utilities | $ | 1,240 | $ | 70 | |||
| Campus rent | $ | 4,900 | |||||
| Insurance | $ | 2,200 | |||||
| Administrative expenses | $ | 3,500 | $ | 45 | $ | 6 | |
For example, administrative expenses should be $3,500 per month plus $45 per course plus $6 per student. The company’s sales should average $850 per student.
The company planned to run four courses with a total of 65 students; however, it actually ran four courses with a total of only 61 students. The actual operating results for September appear below:
| Actual | ||
| Revenue | $ | 52,350 |
| Instructor wages | $ | 10,920 |
| Classroom supplies | $ | 17,400 |
| Utilities | $ | 1,930 |
| Campus rent | $ | 4,900 |
| Insurance | $ | 2,340 |
| Administrative expenses | $ | 3,496 |
Required:
Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting