Saved Help Chapter 9B Homework Problems 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: 21,000 S88,200 points Plight Cato Planning Budget Yor the Month Ended July 31 Budgeted meals (9) Revenue (54.209) Expenses: Raw materials (52.109) Wages and salaries ($6,000 + $0.209) Utilities ($2,000+ $0.059) Facility rent ($4,000) Insurance ($2,000) Miscellaneous ($700 $0.109) Total expenso Net operating income Book Hant 44,100 10,200 3,050 4,000 2,000 2.800 66.150 $ 22,050 Print References In July 22,000 meals were actually served. The company's flexible budget for this level of activity appears below: 22.000 5 92,400 Flight Care Flexible fudget For the Month Ended July 31 Budgeted meals (9) Revenue (54.209) Expenses: raw materials (52.109) Wages and salaries (56,000+ $0.209) Utilities ($2,000 $0.050) Facility rent ($4,000) Insurance ($2.000) Miscellaneous (5700 + $0.109) Total expense Net operating incoe 46,200 10,400 3.100 4,000 2,000 2.900 68,600 $ 23,000 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.) ter 98 Homework Problems Saved 2 22,000 $ 92.400 Flight Cafe Flexible Budget For the Month Inded July 31 budgeted meals (9) Revenue (34.2007 Expenses Raw materiale ($2.109) Wages and salaries (56,000+ $0.209) Utilities ($2,000 $0.05) Facility rent (34,000) Insurance ($2,000) Miscellaneous (8700 + $0.109) Total expense set operating income 46,200 10,400 3.100 4,000 2.000 2.900 68.600 23.900 Book 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 (ie, zero variance), Input all amounts as positive values.) Flight Cafe Activity Variances For the Month Ended July 31 Revenue Expenses Raw materials Wages and salaries Uttes Facility rent Insurance Miscellaneous Tot expense Not operating income