3 Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local...
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3 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: Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.50g) 25,000 $112,500 Expenses 050-48 Raw materials (52.20g) 55,000 Wages and salaries (56,400 + 50.20g) 11,400 Utilities ($2,100 + $0.05g) 3,350 Facility rent ($3,200) 3,2001 ook Insurance ($2,500) 2,500 Miscellaneous ($700 $0.10g) 3,200 70,650 $33,050 int i ences Total expense Net operating income. In July, 26,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.50g) Expenses Raw materials (52.20g) Wages and salaries ($6,400+ $0.20g) Utilities ($2,100 +50.05g) Facility rent ($3,200) Insurance ($2,500) Miscellaneous ($700 $0.10g) Total expense Net operating income 26,000 $117,000 57,200 11,600 3,400 3,200 2,500 3,300 1,200 $35,000 3 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: Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.50g) 25,000 $112,500 Expenses 050-48 Raw materials (52.20g) 55,000 Wages and salaries (56,400 + 50.20g) 11,400 Utilities ($2,100 + $0.05g) 3,350 Facility rent ($3,200) 3,2001 ook Insurance ($2,500) 2,500 Miscellaneous ($700 $0.10g) 3,200 70,650 $33,050 int i ences Total expense Net operating income. In July, 26,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.50g) Expenses Raw materials (52.20g) Wages and salaries ($6,400+ $0.20g) Utilities ($2,100 +50.05g) Facility rent ($3,200) Insurance ($2,500) Miscellaneous ($700 $0.10g) Total expense Net operating income 26,000 $117,000 57,200 11,600 3,400 3,200 2,500 3,300 1,200 $35,000
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