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calculate the company's activity variance for July, please help!! thank you:) Help Se Flight Caf prepares in-flight meals for airlines in its kitchen located next
calculate the company's activity variance for July, please help!! thank you:)
Help Se 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 Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) 22,000 Revenue ($4.104) $ 90,200 Expenses: Raw materials (52.109) 46,200 Wages and salaries ($6,000 + $0.209) 10,400 Utilities ($1,500 50.059) 2,900 Facility rent ($3,100) 3,100 Insurance ($2,300) 2,300 Miscellaneous ($600 50.100) 2,800 Total expense 67,700 Net operating income $ 22,500 In July, 23,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (9) 23,000 $ 94,300 Net operating income $ 22,500 In July, 23,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (9) 23,000 Revenue ($4.189) $ 94,300 Expenses: Raw materials ($2.109) 48,300 Wages and salaries ($6,000+ $0.204) 10.600 Utilities ($1,800 + $0.059) 2,950 Facility rent (53, 100) 3.100 Insurance ($2,300) 2,300 Miscellaneous ($600 + $0.109) 2.900 Total expense 70,150 $ 24,150 Net operating income Required: 1. Calculate the company's activity variances for July (Indicate the effect of each variance by selecting "F" for favorable. "U" unfavorable, and "None" for no effect (ie., zero variance). Input all amounts os positive values.) Flight Caf Required: 1. Calculate the company's activity variances for July. (Indicate the et unfavorable, and "None" for no effect (i.e., zero variance). Input all Flight Caf Activity Variances For the Month Ended July 31 Revenue > F None Expenses Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income U Pm Step by Step Solution
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