Flight Café is a company that prepares in-flight meals for airlines in its kitch
ID: 2521332 • Letter: F
Question
Flight Café is a company that prepares in-flight meals for airlines in its kitchen located next to the local airport. The company’s planning budget for July appears below:In July, 28,000 meals were actually served. The company’s flexible budget for this level of activity appears below:
1. Compute the company’s activity variances for July.
? 8:22 PNM ezto.mheducation.com ·" T-Mobile Wi-Fi 10.00 points Flight Café is a company that prepares in-flight meals for airlines in its kitchen located next to the local airport. The company's planning budget for July appears below 000 58 20p In July, 28,000 meals were actually served. The company's flexible budget for this level of activity appears below 1. Compute the company's activity variances for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance). Input all amounts as positive values.) References Beok& Resources
Explanation / Answer
Flight Café Activity Variances For the Month Ended July 31 Flexible Budget Activity Variances Planning Budget Revenue - Budgeted Meals - in Nos 28,000 27,000 Revenue 126,000 4,500 F 121,500 Expenses: Raw material 58,800 2,100 U 56,700 Wages and salaries 11,600.00 200.00 U 11,400.00 Utility 3,600 50.00 U 3,550 Facility rent 3,800 - 3,800 Insurance 2,100 - 2,100 Miscellaneous 3,200 100.00 U 3,100 Total Expenses 83,100 2,450.00 U 80,650 Net operating income 42,900 2,050 F 40,850
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.