The actual and planned data for Underwater University for the Fall term were as follows: Actual Planned
Enrollment 4,500 4,125
Tuition per credit hour $120 $135
Credit hours 60,450 43,200
Registration, records, and marketing cost per enrolled student $275 $275
Instructional costs per credit hour $64 $60
Depreciation on classrooms and equipment $825,600 $825,600

Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of credit hours. Depreciation is a fixed cost.

Required:
a. Prepare a variable costing income statement showing the contribution margin and income from operations for the Fall 2016 term.
b. Prepare a contribution margin analysis report comparing planned with actual performance for the Fall 2016 term.

Which basic economic questions deals with the issue of how the incomeof people in various occupations is determined

Select the correct answerwhat is the responsibility of each of the twelve federal reserve's banks in their districts? a. they set the prime rateob. they monitor functioning of banks in their through onsite and offsite reviewsc. they assess taxes in their destnictd. they write fiscal policies

Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis. b)reject the null hypothesis and conclude the mean is higher than $6,000 per day. c)reject the null hypothesis and conclude the mean is lower than $6,000 per day. d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day. expert answer