Question
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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