Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.009) Expenses:...

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Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.009) Expenses: Raw materials ($1.98q) Wages and salaries ($6,200 + $0.20q) Utilities ($1,800 + $0.05q) Facility rent ($3,700) Insurance ($2,300) Miscellaneous ($600 + $0.189) Total expenses Net operating income 28,000 $ 112,000 53,200 11,808 3,200 3,700 2,300 3,400 77,680 $ 34,400 In July, 29,000 meals were actually served. The company's flexible budget for this level of activity appears below: Budgeted meals (q) Revenue ($4.009) Expenses: Flight Cafe Flexible Budget For the Month Ended July 31 Raw materials ($1.909) Wages and salaries ($6,200+ $0.20q) Utilities ($1,800 + $0.059) Facility rent ($3,700) Insurance ($2,300) Miscellaneous ($600 + $0.189) Total expenses Net operating income Required: 1. Calculate the company's activity variances for July. 29,000 $ 116,200 55,100 12,000 3,258 3,700 2,300 3,500 79,850 $ 36,158 B Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (Le., zero varlance). Input all amounts as positive values. Revenue Expenses: Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expenses Net operating income Flight Caf Activity Variances For the Month Ended July 31 Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.009) Expenses: Raw materials ($1.98q) Wages and salaries ($6,200 + $0.20q) Utilities ($1,800 + $0.05q) Facility rent ($3,700) Insurance ($2,300) Miscellaneous ($600 + $0.189) Total expenses Net operating income 28,000 $ 112,000 53,200 11,808 3,200 3,700 2,300 3,400 77,680 $ 34,400 In July, 29,000 meals were actually served. The company's flexible budget for this level of activity appears below: Budgeted meals (q) Revenue ($4.009) Expenses: Flight Cafe Flexible Budget For the Month Ended July 31 Raw materials ($1.909) Wages and salaries ($6,200+ $0.20q) Utilities ($1,800 + $0.059) Facility rent ($3,700) Insurance ($2,300) Miscellaneous ($600 + $0.189) Total expenses Net operating income Required: 1. Calculate the company's activity variances for July. 29,000 $ 116,200 55,100 12,000 3,258 3,700 2,300 3,500 79,850 $ 36,158 B Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (Le., zero varlance). Input all amounts as positive values. Revenue Expenses: Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expenses Net operating income Flight Caf Activity Variances For the Month Ended July 31