Harrald's Fish House is a family-owned restaurant that specializes in Scandinavian-style seafood. Data concerning the restaurant's...

 

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Harrald's Fish House is a family-owned restaurant that specializes in Scandinavian-style seafood. Data concerning the restaurant's monthly revenues and costs appear below (grefers to the number of meals served): $16.50q $6.25q Revenue Cost of ingredients Wages and salaries S10,400 Utilities $800 + S0.20q $2,200 $600 + $0.80q Rent Miscellaneous Required: 1. Prepare the restaurant's planning budget for April assuming that 1,800 meals are scrved. 2. Assume that 1,700 meals were actually served in April. Prepare a flexible budget for this level of activity. 3. The actual results for April appear below. Prepare a flexible budget performance report for the restaurant for April : Revenue $27,920 Cost of ingredients Wages and salaries $11,110 $10,130 $1,080 Utilities Rent $2,200 Miscellaneous $2,240 Harrald's Fish House is a family-owned restaurant that specializes in Scandinavian-style seafood. Data concerning the restaurant's monthly revenues and costs appear below (grefers to the number of meals served): $16.50q $6.25q Revenue Cost of ingredients Wages and salaries S10,400 Utilities $800 + S0.20q $2,200 $600 + $0.80q Rent Miscellaneous Required: 1. Prepare the restaurant's planning budget for April assuming that 1,800 meals are scrved. 2. Assume that 1,700 meals were actually served in April. Prepare a flexible budget for this level of activity. 3. The actual results for April appear below. Prepare a flexible budget performance report for the restaurant for April : Revenue $27,920 Cost of ingredients Wages and salaries $11,110 $10,130 $1,080 Utilities Rent $2,200 Miscellaneous $2,240

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Ans HAR RA LDS FISH HOUSE Flexible Budget Performance Report For the Month Ended April Actual Result... View the full answer