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Flight Caf prepares in - flight meals for airlines and its planning budget for July appears below: Flight Caf Planning Budget For the Month Ended
Flight Caf prepares inflight meals for airlines and its planning budget for July appears below: Flight Caf Planning Budget For the Month Ended July Budgeted meals q Revenue $q $ Expenses: Raw materials $q Wages and salaries $ $q Utilities $ $q Facility rent $ Insurance $ Miscellaneous $ $q Total expenses Net operating income $ In July, meals were actually served. The companys flexible budget for this level of activity appears below: Flight Caf Flexible Budget For the Month Ended July Budgeted meals q Revenue $q $ Expenses: Raw materials $q Wages and salaries $ $q Utilities $ $q Facility rent $ Insurance $ Miscellaneous $ $q Total expenses Net operating income $ Required: Calculate the companys activity variances for July.
Flight Caf prepares inflight meals for airlines and its planning budget for July appears below:
Flight Caf
Planning Budget
For the Month Ended July
Budgeted meals q
Revenue $q $
Expenses:
Raw materials $q
Wages and salaries $ $q
Utilities $ $q
Facility rent $
Insurance $
Miscellaneous $ $q
Total expenses
Net operating income $
In July, meals were actually served. The companys flexible budget for this level of activity appears below:
Flight Caf
Flexible Budget
For the Month Ended July
Budgeted meals q
Revenue $q $
Expenses:
Raw materials $q
Wages and salaries $ $q
Utilities $ $q
Facility rent $
Insurance $
Miscellaneous $ $q
Total expenses
Net operating income $
Required:
Calculate the companys activity variances for July.
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