ook nt ant Flight Caf prepares in-flight meals for airlines and its planning budget for July...

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ook nt ant 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 ($3.90q) Expenses: Raw materials ($2.00) Wages and salaries ($6,100 +$0.20q) Utilities ($1,900 + $0.059) Facility rent ($4,000) Insurance ($2,800) Miscellaneous ($500+ $0.109) Total expenses Net operating income 23,000 $ 89,700 46,000 10,700 3,050 4,000 2,800 2,800 69,350 $ 20,350 In July, 24,000 meals were actually served. The company's flexible budget for this level of activity appears below: Raw materials ($2.000). ences Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (q) 24,000 Revenue ($3.90q) $ 93,600 Expenses: 48,000 10,900 $0.059) Miscellaneous (5500 50.100) 3,100 4,000 2,800 2,900 71,700 $ 21,900 Wages and salaries ($6,100+ 50.20q) Utilities ($1,900 Facility rent ($4,000) Insurance ($2,800) Total expenses Net operating income 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.e., zero variance). Input all amounts as positive values. < Prev 4 of 5 Next > Budgeted meals (q) Revenue ($3.90q) Expenses: Flexible Budget For the Month Ended July 31 Raw materials ($2.009) Wages and salaries ($6,100+ $0.20q) Utilities ($1,900 +$0.05q) Facility rent ($4,000) Insurance ($2,800) Miscellaneous ($500 +$0.10q) Total expenses Net operating income Required: 1. Calculate the company's activity variances for July. 24,000 $ 93,600 48,000 10,900 3,100 4,000 2,800 2,900 71,700 $ 21,900 Note: 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. Revenue Expenses: Raw materials Wages and salarios Utilities Facility rent Insurance Miscellaneous Total expenses Net operating income Flight Caf Activity Variances For the Month Ended July 31 ook nt ant 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 ($3.90q) Expenses: Raw materials ($2.00) Wages and salaries ($6,100 +$0.20q) Utilities ($1,900 + $0.059) Facility rent ($4,000) Insurance ($2,800) Miscellaneous ($500+ $0.109) Total expenses Net operating income 23,000 $ 89,700 46,000 10,700 3,050 4,000 2,800 2,800 69,350 $ 20,350 In July, 24,000 meals were actually served. The company's flexible budget for this level of activity appears below: Raw materials ($2.000). ences Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (q) 24,000 Revenue ($3.90q) $ 93,600 Expenses: 48,000 10,900 $0.059) Miscellaneous (5500 50.100) 3,100 4,000 2,800 2,900 71,700 $ 21,900 Wages and salaries ($6,100+ 50.20q) Utilities ($1,900 Facility rent ($4,000) Insurance ($2,800) Total expenses Net operating income 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.e., zero variance). Input all amounts as positive values. < Prev 4 of 5 Next > Budgeted meals (q) Revenue ($3.90q) Expenses: Flexible Budget For the Month Ended July 31 Raw materials ($2.009) Wages and salaries ($6,100+ $0.20q) Utilities ($1,900 +$0.05q) Facility rent ($4,000) Insurance ($2,800) Miscellaneous ($500 +$0.10q) Total expenses Net operating income Required: 1. Calculate the company's activity variances for July. 24,000 $ 93,600 48,000 10,900 3,100 4,000 2,800 2,900 71,700 $ 21,900 Note: 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. Revenue Expenses: Raw materials Wages and salarios Utilities Facility rent Insurance Miscellaneous Total expenses Net operating income Flight Caf Activity Variances For the Month Ended July 31