Question
Hot Dog Place prepares and sells hot dogs in a business district. The budget for the current month assumes that 10,000 meals are served. Budget
Hot Dog Place prepares and sells hot dogs in a business district. The budget for the current month assumes that 10,000 meals are served. Budget information for the month Average selling price per hot dog meal (drink included) $5.00 Hot Dog meal selling prices range from $4 to $6 each. Food costs average $2 per meal. $2.00 Other variable costs are $1 per meal. $1.00 Rent is fixed at $4,000 per month. $4,000 Other fixed costs are $1,000 per month. $1,000 Actual results for the month Actual sales for the month: 12,000 meals. 12,000 Total sales dollars for the month $59,000 What is the activity variance for revenue for the month?
Group of answer choices
$1,000 (F)
$10,000 (U)
$1,000 (U)
$10,000 (F)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started