Essay
Liscomb 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: 
In October, the school budgeted for 1, 520 students and 113 courses.The school's income statement showing the actual results for the month appears below: 
Required:
Prepare a report showing the school's activity variances for October.Label each variance as favorable (F)or unfavorable (U).
Correct Answer:
Verified
Correct Answer:
Verified
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