PROBLEM 3 Complete the Flexible Budget column for Company C for the month of March. Then answer the questions that follow: Company C Repairs (Q) (number of repairs) Revenue ($100.00 Q) Expenses: Wages and salaries. $500+(20.00 Q) Office Expense ($25+$12*Q) Machine Rental Expenses $1000+(5.00*Q) Utility Expenses Total expenses Net operating income Actual Results 100 (S) $11,000 2,500 1,000 2,500 1,000 7,000 $4,000 Revenue and Spending Variance Flexible Budget ? (S) ? ? 2 2 ? ? ? Activity Variance (A) Refer to the Table above, what is the "Activity Variance" of Meals Inc's Net operating Indicate the amount and whether it is favorable (F) or unfavorable income? (U). Master or (B) Refer to the Table above what is the "Revenue and Spending Variance" of Meals Inc's Office expenses? Indicate the amount and whether it is favorable (F) or unfavorable C) Refer to the Table above what is the "Activity Variance" of Meals Inc's machine rental expenses? Indicate the amount and whether it is favorable (F) or unfavorable (U). Planning Budget D) Refer to the Table above what is the "Revenue and Spending" Variance of Meals Inc's Revenue? Indicate the amount and whether it is favorable (F) or unfavorable U). 95 (S) 5 ? 2 2 ?

Complete the Flexible Budret columa for Company C for the monnt ar M awh mumanuwn the questions that follow: (A) Refer to the Table above, what is the "Activity Variance" of Meals Inc's Net operating. income? . Indicate the amount and whether it is favorable (F) or unfavorable (U). (B) Refer to the Table above what is the "Revenue and Spending Variance" of Mcals Inc's Office expenses? Indicate the amount and whether it is favorable (F) of unfavorable (U). C) Refer to the Table above what is the "Activity Variance" of Meals Inc's machine rental expenses? Indicate the amount and whether it is favorable (F) or unfavorable U). D) Refer to the Table above what is the "Revenue and Spending" Variance of Meals Inc's Revente? Indicate the amount and whether it is favorable (F) or unfavorable U). Complete the Flexible Budret columa for Company C for the monnt ar M awh mumanuwn the questions that follow: (A) Refer to the Table above, what is the "Activity Variance" of Meals Inc's Net operating. income? . Indicate the amount and whether it is favorable (F) or unfavorable (U). (B) Refer to the Table above what is the "Revenue and Spending Variance" of Mcals Inc's Office expenses? Indicate the amount and whether it is favorable (F) of unfavorable (U). C) Refer to the Table above what is the "Activity Variance" of Meals Inc's machine rental expenses? Indicate the amount and whether it is favorable (F) or unfavorable U). D) Refer to the Table above what is the "Revenue and Spending" Variance of Meals Inc's Revente? Indicate the amount and whether it is favorable (F) or unfavorable U)