Question
light Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The companys planning budget for July appears below: Flight
light Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The companys planning budget for July appears below: Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (q) 21,000 Revenue ($4.20q) $ 88,200 Expenses: Raw materials ($2.20q) 46,200 Wages and salaries ($6,500 + $0.20q) 10,700 Utilities ($2,100 + $0.05q) 3,150 Facility rent ($3,200) 3,200 Insurance ($2,100) 2,100 Miscellaneous ($400 + $0.10q) 2,500 Total expense 67,850 Net operating income $ 20,350 In July, 22,000 meals were actually served. The companys flexible budget for this level of activity appears below: Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (q) 22,000 Revenue ($4.20q) $ 92,400 Expenses: R
Calculate the companys activity variances for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
(can you put it in a table)
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