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I need help asap thank you!! Use the following information and answer the questions below the table. actual budget Total Revenue $450,000 $500,000 120,000 200,000
I need help asap thank you!!
Use the following information and answer the questions below the table. actual budget Total Revenue $450,000 $500,000 120,000 200,000 Total Food Cost Total Variable Labor 50,000 40,000 180,000 Total Fixed Costs 180,000 Guests Served 150,000 200,000 a. How much is the actual operating income? Oa. $100,000 Ob. $80,000 Oc. $15,000 Od $260,000 b. How much is budgeted operating income? Oa. $100,000 Ob. $80,000 Oc. $15,000 Od $260,000 c. How much is operating income in flexible-budget? Oa. $48,000 Ob. $34,000 Oc. $15,000 Od $344,000 d. How much is the flexible-budget variance for operating income? Oa. $85,000 F Ob. $85,000 u Oc. $15,000 U Od $15,000 F Oa. $100,000 Ob. $80,000 Oc. $15,000 Od $260,000 c. How much is operating income in flexible-budget? Oa. $48,000 Ob. $34,000 Oc. $15,000 Od.$344,000 d. How much is the flexible-budget variance for operating income? Oa. $85,000 F Ob. $85,000 U Oc. $15,000 V Od $15,000 F e. How much is the Sales-Volume Variance for operating income? Oa. $48,000 F Ob. $65,000 U Oc. $65,000 F Od $48,000 U f. How much is the Static-Budget Variance? Oa. $48,000 Ob. $20,000 U Oc. $50,000 F Od $20,000 F Step by Step Solution
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