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Flight C f prepares in - flight meals for airlines and its planning budget for July appears below: table [ [ table [
Flight Cf prepares inflight meals for airlines and its planning budget for July appears below:
tabletableFlight CafPlanning BudgetFor the Month Ended July Budgeted meals Revenue $$Expenses:Raw materials $Wages and salaries $$Utilities $$Facility rent $Insurance $Miscellaneous $$Total expenses,,Net operating income,$
In July, meals were actually served. The company's flexible budget for this level of activity appears below:
tabletableFlight CafFlexible BudgetFor the Month Ended July Budgeted meals qRevenue $$Expenses:Raw materials $Wages and salaries $$Utilities $$Facility rent $Insurance $Miscellaneous $$Total expenses,,Net operating income,$
Calculate the companys activity
Required:
Calculate the company's activity variances for July.
Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values.
tableht CafVariancesh Ended July RevenueExpenses:cRaw materials,PWages and salaries,FUtilitiesFacility rent,InsuranceMiscellaneousTotal expenses,FNet operating income, variances for july
CALCULATE THE COMPANYS ACTIVITY VARIANCES FOR JULY
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