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
Related Book For
Basic Business Statistics Concepts and Applications
ISBN: 978-0132168380
12th edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel
Posted Date:
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