Holbrook Memorial Diner is a charity that provides free meals to the homeless. The diner's manager...

    

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Holbrook Memorial Diner is a charity that provides free meals to the homeless. The diner's manager has prepared the report presented below, which compares the planning budget to the actual costs for the month of February. The diner's manager was pleased with the results because total actual costs were less than budgeted. Cost & budget assumptions Groceries ($2.05 per meal) Kitchen operations ($4,700+ $1.15 per meal) Inspections and sanitizing ($2,000 per month) Administrative expenses Fundraising expenses ($1,700 per month) Planning Budget (3,600 meals) Total costs $7,380 8,840 ($2,700 + $0.70 per 5,220 meal) 2,000 1,700 $ 25,140 Actual (3,200 meals) $8,132 8,350 1,500 4,960 1,400 $ 24,342 What would be the flexible budget amount for Groceries? What would be the flexible budget amount for Kitchen Operations? The activity variance (i.e. the variance that is due to fact that the actual # of meals served is different from the planning budget) for Groceries The total spending variance for Kitchen operations Holbrook Memorial Diner is a charity that provides free meals to the homeless. The diner's manager has prepared the report presented below, which compares the planning budget to the actual costs for the month of February. The diner's manager was pleased with the results because total actual costs were less than budgeted. Cost & budget assumptions Groceries ($2.05 per meal) Kitchen operations ($4,700+ $1.15 per meal) Inspections and sanitizing ($2,000 per month) Administrative expenses Fundraising expenses ($1,700 per month) Planning Budget (3,600 meals) Total costs $7,380 8,840 ($2,700 + $0.70 per 5,220 meal) 2,000 1,700 $ 25,140 Actual (3,200 meals) $8,132 8,350 1,500 4,960 1,400 $ 24,342 What would be the flexible budget amount for Groceries? What would be the flexible budget amount for Kitchen Operations? The activity variance (i.e. the variance that is due to fact that the actual # of meals served is different from the planning budget) for Groceries The total spending variance for Kitchen operations

Answer rating: 100% (QA)

To calculate the flexible budget amounts and activity variances we can use the flexible bu... View the full answer