Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport....
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Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.30q) Expenses: Raw materials ($2.009) Wages and salaries ($6,400 + $0.20q) Utilities ($2,100 + $0.059) Facility rent ($3,400) Insurance ($2,500) Miscellaneous ($600 + $0.189) Total expense Net operating income 27,000 $ 116,100 54,000 11,800 3,450 3,400 2,500 3,300 78,450 $ 37,650 In July, 28,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Caf Flexible Budget Budgeted meals (9) Revenue ($4.30g) Expenses: For the Month Ended July 31 Raw materials ($2.009) Wages and salaries ($6,400+ $0.20g) Utilities ($2,100 +$0.050) Facility rent ($3,400) 28,000 $ 120,400 56,000 12,000 3,500 3,400 Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.30q) Expenses: Raw materials ($2.009) Wages and salaries ($6,400 + $0.20q) Utilities ($2,100 + $0.059) Facility rent ($3,400) Insurance ($2,500) Miscellaneous ($600 + $0.189) Total expense Net operating income 27,000 $ 116,100 54,000 11,800 3,450 3,400 2,500 3,300 78,450 $ 37,650 In July, 28,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Caf Flexible Budget Budgeted meals (9) Revenue ($4.30g) Expenses: For the Month Ended July 31 Raw materials ($2.009) Wages and salaries ($6,400+ $0.20g) Utilities ($2,100 +$0.050) Facility rent ($3,400) 28,000 $ 120,400 56,000 12,000 3,500 3,400
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