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Complete the Flexible Budget for Meals Inc for the month of March and answer the questions that follow: Meals Inc Actual Results Flexible Budget Planning

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Complete the Flexible Budget for Meals Inc for the month of March and answer the questions that follow: Meals Inc Actual Results Flexible Budget Planning Budget Services(Q) (number of deliveries) 200 200 210 (S) (S) (S) ? $8.900 $10.500 ? 2.400 Revenue ($50,00'Q) Expenses: Wages and salaries $300 + (10.000) Fuel ($30.00"0) Refrigeration Expenses $10 + (1.000) Truck depreciation expense($2.00*Q) 2.500 5,000 500 ? 6,300 ? 220 300 ? 420 Total expenses 8,300 ? 9.340 $1,160 Net operating income $600 ? (A) Refer to Table G above, what is the Activity Variance of Meals Inc's Revenue? Indicate the amount and whether it is favorable (F) or unfavorable (U). (B) Refer to Table G above what is the Activity Variance of Meals Inc's total expenses? Indicate the amount and whether it is favorable (F) or unfavorable (U)

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