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Performance report- Tasty Company-Q3 (revenue& spending variance)- ver A Tasty Company operates four food trucks which mainly serve food near stadiums prior to spoting events
Performance report- Tasty Company-Q3 (revenue& spending variance)- ver A Tasty Company operates four food trucks which mainly serve food near stadiums prior to spoting events and concerts. It prepares monthly budgets. At the end of each month the accounting department prepares a "performance report Tasty Company uses customers served as its measure of actvity, Planning (static) budget amounts and actual tesults for the month of kine are given in the table below Complete the performance report (table) given below and then answer the question which follows below the table. Actual Revenue Flexible-budget Activity Planning Resulits& Total arlances (Static) Vaciance Budoct Spending Customers 10.600 served (ql 10,000 evenue $99640 $90,000 $9.00a) xpenseS Wages and salaries $12.000 $1.50q Customers 10,600 served ( Revenue $9.00a) Expenses: 10,000 $99,640 $90,000 Wages and$30,020 27000 1salaries ($12,000+ $1.50q) COGS $42.930 $42 ($4.20q) Insurance $5,400 (s5,300) $3.500 Miscellaneous ($2.000+ 15q) Total $80 880 $22 800 expenses Net operating $18 760 income $12.200 ompute the "COGS" revenue & spending" variance for June. Multiple Choice $1,590 F $1,590 U $930 U $2,520 U Compute the "Total variance for "COGS" costs for June. Multiple Choice $930 F $930 U $4110 U $4110 F
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