School spent 100000 on textbooks for the fall 2016 semester


School spent $100,000 on textbooks for the fall 2016 semester. It had expected to have a total enrollment of 450 students who would each have needed four books at a cost of $65 each. What is the textbook expense variance? IS it favorable or unfavorable? Why?

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Financial Management: School spent 100000 on textbooks for the fall 2016 semester
Reference No:- TGS01721532

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