Flight Caf prepares in-flight meals for airlines and its planning budget for July appears below: Flight...
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Flight Café prepares in-flight meals for airlines and its planning budget for July appears below: Flight Cafe Planning Budget For the Month Ended July 31 ted meals (g) Expenses Raw materials ($2.10g) Wages and salaries ($6,300 + $0.20) Utilities ($2,200 + $0.05q) Facility rent ($3,200) Insurance ($2,700) Miscellaneous (5808s0.100) Total expenses Net operating income 22,000 $ 92,400 46,200 10,700 3,300 3,200 2,700 3,000 69,100 $ 23,300 In July, 23.000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.20q) Expenses: Raw materials ($2,100) Wages and salaries ($6,300+ $0.20g) Utilities ($2,200 $0.85q) Facility rent ($3,200) Insurance ($2,700) Miscellaneous ($800 $0.10g) Total expenses Net operating income Required: 1. Calculate the company's activity variances for July. 23,000 $ 96,600 48,300 10,900 3,350 3,200 2,700 3,100 71,550 $ 25,050 Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect variance). Input all amounts as positive values. Revenue Expenses Raw materials Wages and salanes Utilities Facility rent Insurance Miscellaneous Total expenses Net operating income Flight Café Activity Variances For the Month Ended July 31 Flight Café prepares in-flight meals for airlines and its planning budget for July appears below: Flight Cafe Planning Budget For the Month Ended July 31 ted meals (g) Expenses Raw materials ($2.10g) Wages and salaries ($6,300 + $0.20) Utilities ($2,200 + $0.05q) Facility rent ($3,200) Insurance ($2,700) Miscellaneous (5808s0.100) Total expenses Net operating income 22,000 $ 92,400 46,200 10,700 3,300 3,200 2,700 3,000 69,100 $ 23,300 In July, 23.000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.20q) Expenses: Raw materials ($2,100) Wages and salaries ($6,300+ $0.20g) Utilities ($2,200 $0.85q) Facility rent ($3,200) Insurance ($2,700) Miscellaneous ($800 $0.10g) Total expenses Net operating income Required: 1. Calculate the company's activity variances for July. 23,000 $ 96,600 48,300 10,900 3,350 3,200 2,700 3,100 71,550 $ 25,050 Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect variance). Input all amounts as positive values. Revenue Expenses Raw materials Wages and salanes Utilities Facility rent Insurance Miscellaneous Total expenses Net operating income Flight Café Activity Variances For the Month Ended July 31
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Flight Cafe Activity Variances July Heres the breakdown of Flight Cafes activity variances for July ... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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