Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fight Cafe prepares In-flight meals for airlines In its kitchen located next to a locol airport. The company's planning budget for July oppears below

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Fight Cafe prepares In-flight meals for airlines In its kitchen located next to a locol airport. The company's planning budget for July oppears below Light Care Planning Budget For the month Raded July 31 Rodnexedeals Tok ANRAUM (4.2001 27,000 4.113,400 Expenauss RAM materials (12.3091) 62,100 Mages and salaries (56,000 +$0.20g) 11.400 Vitities ($1,900 $0.0591 3,350 Facility rent ($3,900) 3,900 wance (42,100) 2,300 Riscellaneous (5500 +30.10g) 3,200 total expense $5,950 1:27,450 Sex operating income in July 28.000 meals were actually served. The company's flexible budget for this level of activity appears below Flight Care vincible gudoet the the month ended ly Budgeted main(S Spvenue (11.20-1 25.000 $117,600 Expenses) Raw, notettale ($2.30g) 64,400 Mages shil salarine. 56,000+ 0.26) 11,600 ULILARING 103.500 50.0% 3,300 Faciiif; cat (53,9001 500 TAWNEYSON 192,1001 1300 Bisce, Janeous (500 10.10 3,300 rotal expense #6,600 5:29,000 Hut cecasNG LOCome Required: 1 Calculate the company's activity variances for July (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (Le, zero variance). Input all amounts as positive values.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting in an Economic Context

Authors: Jamie Pratt

9th edition

9781118803035, 1118582551, 1118803035, 978-1118582558

More Books

Students also viewed these Accounting questions

Question

1. Define the Economic Order Quantity. How is it computed?

Answered: 1 week ago