Flight Caf is a company that prepares in-flight meals for airlines in its kitchen located next to
Question:
Flight Café is a company that prepares in-flight meals for airlines in its kitchen located next to the local airport. The company’s planning budget for July appears below:
In July, 17,800 meals were actually served. The company’s flexible budget for this level of activity appears below:
Required:
1. Prepare a report showing the company’s activity variances for July.
2. Which of the activity variances should be of concern to management? Explain.
Transcribed Image Text:
Flight Café Planning Budget For the Month Ended July 31 Budgeted meals (q) 18,000 Revenue ($4.50q) . $81,000 Expenses: Raw materials ($2.40q) 43,200 Wages and salaries ($5,200 + $0.30q) 10,600 Utilities ($2,400 + $0.05q) ... 3,300 Facility rent ($4,300) 4,300 Insurance ($2,30)... 2,300 Miscellaneous (S680 + S0.10q). Total expense .. 2,480 66,180 Net operating income S14,820
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
1 The activity variances are shown below Flight Caf Activity Variances For the Month E...View the full answer
Answered By
Cyrus Sandoval
I a web and systems developer with a vast array of knowledge in many different front end and back end languages, responsive frameworks, databases, and best code practices. My objective is simply to be the best web developer that i can be and to contribute to the technology industry all that i know and i can do. My skills include:
- Front end languages: css, HTML, Javascript, XML
- Frameworks: Angular, Jquery, Bootstrap, Jasmine, Mocha
- Back End Languages: Java, Javascript, PHP,kotlin
- Databases: MySQL, PostegreSQL, Mongo, Cassandra
- Tools: Atom, Aptana, Eclipse, Android Studio, Notepad++, Netbeans.
Having a degree in Computer Science enabled me to deeply learn most of the things regarding programming, and i believe that my understanding of problem solving and complex algorithms are also skills that have and will continue to contribute to my overall success as a developer.
I’ve worked on countless freelance projects and have been involved with a handful of notable startups. Also while freelancing I was involved in doing other IT tasks requiring the use of computers from working with data, content creation and transcription.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Question Posted:
Students also viewed these Managerial Accounting questions
-
Light Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The companys planning budget for July appears below: Calculate the companys activity variances for...
-
The company Smart Inc. is a company that produces Dog Shampoo in Toronto area. The results of the company, which has been mediocre for the past couple of years, have been presented in the annual...
-
Is a company that prepares financial statements in U.S. dollars required to disclose supplementary information on the effects of changing prices?
-
You have obtained the following share prices from Yahoo Finance. Company 1 is listed on the London Stock Exchange. You want to estimate the beta value for Company 1. You run a regression of the share...
-
A researcher is interested in whether allowing employees to wear casual clothing will increase the likelihood that employees come to work on time. She observes that the probability of an employee...
-
How should Ford Motor Company market differently to Generation Y, Generation X, and baby boomers?
-
Bonsai Boards income statement data for the year ended December 31,2010, follow. Assume that the ending inventory was accidentally overstated by $3,300. How would the inventory error affect Bonsai...
-
The following table shows the transactions experienced by J G Gutter Works (JGGW) during Year 7. The table contains missing data which are labeled with alphabetic characters (a) through (j). Assume...
-
In Playten's FPDiv, the assembly line process uses a joint input of a common rubber compound to create a grooming brush (Brenda's product), a treat dispensing toy in the shape of a fish (Finn's...
-
Mr. M has been employed as an engineer by A Ltd., a company incorporated in Hong Kong. During the year ended 31 March 2019, Mr. M had the following income and expenditure. A monthly salary of...
-
Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below: Required: During...
-
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The companys flexible budget for August appears below: The actual...
-
In Problem 9.42, what is your statistical decision if t STAT = +2.39? In Problem 9.42 In a one-tail hypothesis test where you reject H 0 only in the upper tail, what is the critical value of the...
-
Explain path of recess and path of approach.
-
The arms of a Proell governor are 250 mm long. The upper arms are pivoted on the axis of rotation, while the lower arms are pivoted at a radius of 35 mm. Mass of each ball is 5 kg and is fixed to the...
-
Compare involute and cycloidel tooth profiles.
-
In a Hartnell type governor, the two masses are 5 kg each and the load on the sleeve is 45 kg. With the mass arms vertical, the path radius is 80 mm and the equilibrium speed, neglecting friction, is...
-
Define contact ratio.
-
Outline the role and powers of a receiver appointed by a secured creditor.
-
Danielle has an insurance policy with a premium of $75 per month. In September she is in an accident and receives a bill worth $2990 for the repair of her own property. Her deductible is $250 and her...
-
A business analyst is attempting to understand visually the meaning of the critical test statistic and the p-value. For a z value of 2.5 and significance level of 5% provide a sketch of the normal...
-
Name some users of accounting information.
-
Name some users of accounting information.
-
What is the role of accounting in business?
-
In your opinion, why is misinformation about the census so widespread and appealing? The U.S. Census Bureau offers correct information to counter myths. What is one more way that myths can be...
-
The relationship between human society and the environment, especially in the context of industrialization and fossil fuel use as the main energy source, has been characterized by uncertainty in...
-
Lightfoot Inc., a software development firm, has stock outstanding as follows: 32,000 shares of cumulative preferred 1% stock, $145 par and 107,000 shares of $160 par common. During its first four...
Study smarter with the SolutionInn App