2 55 pints eBook Hint Print References Flight Caf prepares in-flight meals for airlines and its planning budget for July appears below: Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.30q) Expenses: Raw materials ($2.10q) Wages and salaries ($6,300 + $0.20q) Utilities ($1,900 + $0.05q) Budgeted meals (q) Revenue ($4.30q) Expenses: Raw materials ($2.10q) Wages and salaries ($6,300+ $0.20q) Utilities ($1,900 + $0.05q) Facility rent ($3,900) Insurance ($2,800) Miscellaneous ($300 + $0.10q) Facility rent ($3,900) Insurance ($2,800) Miscellaneous ($300 + $0.10q) Total expenses Net operating income In July, 24,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Caf Flexible Budget For the Month Ended July 31 Total expenses Net operating income 23,000 $98,900 Required: 48,300 10,900 3,050 3,900 2,800 2,600 71,550 $ 27,350 24,000 $ 103,200 50,400 11,100 3,100 3,900 2,800 2,700 74,000 $ 29,200

Flight Caf prepares in-flight meals for airlines and its planning budget for July appears below: In July, 24,000 meals were actually served. The company's flexible budget for this level of activity appears below: Required: 1. Calculate the company's activity variances for July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i. variance). Input all amounts as positive values. Flight Caf prepares in-flight meals for airlines and its planning budget for July appears below: In July, 24,000 meals were actually served. The company's flexible budget for this level of activity appears below: Required: 1. Calculate the company's activity variances for July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i. variance). Input all amounts as positive values