Ruby Krisher Diner is a charity supported by donations that provides free meals to the homeless....
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Ruby Krisher Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for May was based on 3,100 meals, but the diner actually served 3,300 meals. The diner's director has provided the following cost data to use in the budget: groceries, $4.45 per meal; kitchen operations, $5,100 per month plus $1.77 per meal; administrative expenses, $4,100 per month plus $0.42 per meal; and fundraising expenses, $2,100 per month. Required: Prepare a report showing the activity variances for each of the expenses and for total expenses for May. Note: Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Meals Groceries Kitchen operations Administrative expenses Fundraising expenses Total expense Rub Krisher Diner Activity Variances For the Month Ended May 31 Flexible Budget Planning Budget Activity Variances 3,300 3,100 Ruby Krisher Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for May was based on 3,100 meals, but the diner actually served 3,300 meals. The diner's director has provided the following cost data to use in the budget: groceries, $4.45 per meal; kitchen operations, $5,100 per month plus $1.77 per meal; administrative expenses, $4,100 per month plus $0.42 per meal; and fundraising expenses, $2,100 per month. Required: Prepare a report showing the activity variances for each of the expenses and for total expenses for May. Note: Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Meals Groceries Kitchen operations Administrative expenses Fundraising expenses Total expense Rub Krisher Diner Activity Variances For the Month Ended May 31 Flexible Budget Planning Budget Activity Variances 3,300 3,100
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