Exercise 21(7)-18
Name:
Section:
Score: 0%
Key Code:
[Key code here]
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
Underwater University
Variable Costing Income Statement
For the Fall Term
Rate
Revenue
Variable costs:
Regis., records, and marketing
Instructional costs
Total variable costs
Contribution margin
Depreciation on classrooms and equipment
Operating income
Quantity
credit hours
students
credit hours