Question: Please help solve for the following table. 2 Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The

Please help solve for the following table.
Please help solve for the following table. 2 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: 15 H HHE AIA

2 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: 15 H HHE AIA Flight Caf Planning Budget For the Month Ended 2uly 31 Budgeted meals (9) Revenue (14.00g) Expenses Sav materials (02.10g) Mages and salaries (56,400 30.20g) Utilition ($1,800 00.05) Facility rent (43,200) Insurance (52,100) Miscellaneous (5700+ $0.10g) Total apenas set operating Indone Bodgated seals (gi ($4.00g have Expe In July, 28.000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Care Flexible Budges for the month Ended July 31 Raw materials (12.1) Mayes and salarine (54,400 40.20g) milition (01.800+ 0.050s Facility rest 153,200) Insurance ($2,9001 27,000 108,000 Miscellaneous (8700 80.104) Tutal expec tiet operating Le 56,700 11,800 3,150 3,200 2,900 3,400 $1,150 24,50 20,000 112,000 16,800 12,000 3,200 3,200 2,900 3,500 $3,600 $ 20,400 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 (e, zero variance). Input all amounts as positive values.) Check my work 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.) Revenue Expenses: Flight Caf Activity Variances For the Month Ended July 31 Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income F U U U None None U U Revenue Expenses: Flight Caf Activity Variances For the Month Ended July 31 Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income F LL U U U None None U U F LL

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!