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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

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

($)

($)

($)

Revenue ($50.00*Q)

$8,900

?

$10,500

Expenses:

Wages and salaries $300 + (10.00*Q)

2,500

?

2,400

Fuel ($30.00*Q)

5,000

?

6,300

Refrigeration Expenses $10 + (1.00*Q)

500

?

220

Truck depreciation expense($2.00*Q)

300

?

420

Total expenses

8,300

?

9,340

Net operating income

$600

?

$1,160

(A) Refer to Table G above, what is the Activity Variance of Meals Incs 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 Incs total expenses?

Indicate the amount and whether it is favorable (F) or unfavorable (U).______________

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