Flexible Budget Problem Barona Memorial Diner is a charity supported by donation

Question

Flexible Budget Problem Barona Memorial Diner is a charity supported by donations that provides free meals to the homeless. The budget for March was based on 2,900 meals, but the diner actually served 3,000 meals. The diner's director provided the following cost formulas to use in budgets: Groceries......Fixed....$0....Variable element per meal........$2.40/Kitchen operations.....Fixed.......$5,600..........Variable element per meal........$1.10/Administrative Exp.....Fixed......$3,000.......Var. Element per meal.....$0.30/Fundraising Exp.......Fixed...$1,200......Var......$0 Prepare the diner's flexible budget for the actual number of meals served in March. Budget should only contain costs above; no revenues.

Explanation / Answer

Flexible budget for actual meals served in March Actual meals: 3000 Item-------------variable exp per meal--------Budget Groceries-------2.40---------------------------$ 7,200 Kitchen op-----1.10----------------------------$ 3,300 Admin Exp------0.30---------------------------$ 900 --------- Budgeted costs---------------------------------$11,400

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