Question: fill in the table at the bottom Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's

Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) 27,000 $121,500 Revenue ($4.500) Expenses Raw materials ($2.309) Wages and salaries ($6,400 + $0.209) Utilities ($2,000 + $0.059) Facility rent ($3,100) Insurance ($2,600) Miscellaneous ($400 + $0.100) Total expense Net operating income 62,100 11,800 3,350 3,100 2,600 3,100 86,050 $ 35,450 In July, 28,000 meals were actually served. The company's flexible budget for this level of activity appears below: Plight Caf Plexible Budget For the Month Ended July 31 Budgeted neala (4) 28,000 $126,000 Revenue ($4.509) Expenses Raw materials ($2.300) Wages and salaries ($6,400+ $0.209) Utilities ($2,000 + $0.059) Facility rent ($3,100) Insurance ($2,600) Miscellaneous (3400 + $0.100) Total expense Not operating income 64,400 12,000 3,400 3,100 2,600 3,200 88,700 $ 37,300 Flight Cate Flexible Budget For the Month Ended July 31 Budgeted meals (g) 28,000 $126,000 Revenue ($4.509) Expenses : Raw materials ($2.30g) Wages and salaries ($6,400+ $0.20g) Utilities ($2,000 + $0.059) Facility rent ($3,100) Insurance ($2,600) Miscellaneous ($400 + $0.109) Total expense Net operating income 64,400 12,000 3,400 3,100 2,600 3,200 88,700 $ 37,300 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 Caf Activity Variances For the Month Ended July 31 Revenue Expenses Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
