Question
revenue cost of ingredients 16.5 q wages and salaries 6.25 q utilities 10400 rent 800 + 0.2 q miscellaneous 2200 600 + 0.2 q ACTUAL
revenue | |||||
cost of ingredients | 16.5 | q | |||
wages and salaries | 6.25 | q | |||
utilities | 10400 | ||||
rent | 800 | + | 0.2 | q | |
miscellaneous | 2200 | ||||
600 | + | 0.2 | q | ||
ACTUAL RESULTS | |||||
revenue | 29865 | ||||
cost of ingredients | 11075 | ||||
wages and salaries \ | 10455 | ||||
utilites | 1195 | ||||
rent | 2200 | ||||
miscellaneous | 2000 | ||||
Planning budget activity | 1700 | meals served | |||
actual activity | 1800 | meals served |
What is the activity variance for revenue? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).
b. What is the spending variance for the cost of ingredients? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).
c. What is spending variance for wages and salaries? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance))
d. What is spending variance for total expenses? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect
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