Check my w Flight Caf prepares in-flight meals for ailines in its kitchen located next to...
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Check my w Flight Café prepares in-flight meals for ailines in its kitchen located next to a local airport. The company's planning budget for July appears below: Plight Cate Planning Budget she Honth Ended Ju y 31 Budgeted meala (g) 29,000 Revenue (94.40g) Expenses Raw materials ($2.10g) Wages and salaries (56.500 s0.:0g) Utilition 1 100 10.0 Facility rent (93,100) Insurance ($2,600) Miscellaneous ($700 $0.10g) Total expense $127,600 60,900 12,300 3,550 3,100 2,600 3,600 86,050 Net operating incone $41,550 In July, 30,000 meals wore actually served. The company's flexible budget for this level of activity appears below Fgt Cate Flesiule badget Pot. The Hunth nded July 31 30,000 Sudgetad eala (9) Been H.4hg) Expenans Ra naterials (02.10g) Mage shd anlarine 66,500 S.20gi PLLLIi S 132.100 0.65ei 3,000 12.500 Help Save & Exit Submit In July. 30,000 meals were actually served. The company's flexible budget for this level of activity appears below Check my work Flight Caté Flexible Budget For the Month Ended July 31 Dudgeted meals (9) 30,000 Revenue ($4.40g) Expenses: Raw naterials ($2.10g) Wages and salaries (56.500+ 50.20g) Utilities (S2,100 + s0.05q) Facility rent (33,100) Insurance (S2,600) Mincellaneous (5700 $0.10g) Total expense $132,000 63,000 12,500 3,600 3,100 2,600 3,700 88,500 eBook Hint Print ferences Net operating income $ 43,500 Required: 1. Calculate 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.) Flight Cale Activity Variances For the Month Ended July 31 Revenue Expenses Check my w Flight Café prepares in-flight meals for ailines in its kitchen located next to a local airport. The company's planning budget for July appears below: Plight Cate Planning Budget she Honth Ended Ju y 31 Budgeted meala (g) 29,000 Revenue (94.40g) Expenses Raw materials ($2.10g) Wages and salaries (56.500 s0.:0g) Utilition 1 100 10.0 Facility rent (93,100) Insurance ($2,600) Miscellaneous ($700 $0.10g) Total expense $127,600 60,900 12,300 3,550 3,100 2,600 3,600 86,050 Net operating incone $41,550 In July, 30,000 meals wore actually served. The company's flexible budget for this level of activity appears below Fgt Cate Flesiule badget Pot. The Hunth nded July 31 30,000 Sudgetad eala (9) Been H.4hg) Expenans Ra naterials (02.10g) Mage shd anlarine 66,500 S.20gi PLLLIi S 132.100 0.65ei 3,000 12.500 Help Save & Exit Submit In July. 30,000 meals were actually served. The company's flexible budget for this level of activity appears below Check my work Flight Caté Flexible Budget For the Month Ended July 31 Dudgeted meals (9) 30,000 Revenue ($4.40g) Expenses: Raw naterials ($2.10g) Wages and salaries (56.500+ 50.20g) Utilities (S2,100 + s0.05q) Facility rent (33,100) Insurance (S2,600) Mincellaneous (5700 $0.10g) Total expense $132,000 63,000 12,500 3,600 3,100 2,600 3,700 88,500 eBook Hint Print ferences Net operating income $ 43,500 Required: 1. Calculate 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.) Flight Cale Activity Variances For the Month Ended July 31 Revenue Expenses
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