Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Right Cate prepares in light meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below

image text in transcribed
Right Cate prepares in light meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (a) 22,600 Revenue (54.00) $88,000 Expenses: Raw materials (51.809) 39,600 Wages and salaries ($6,400 $0.209) 10,880 Utilities ($2,100 $0.059) 3.200 Facility rent ($3,200) 3,200 Insurance ($2,300) 2,300 Miscellaneous (5800 + 3,000 $0.109) Total expense 62.100 Net operating income $25,980 In July 22,000 meals were actually served. The company's flexible budget for this level of activity nopears below Flight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (9) 23,000 Revenue ($4.089) $92,000 Expenses: Raw materials ($1.889) 41,480 Wages and salaries 11,000 (56, 400+ $0.289) Utilities ($2,100 3,250 se.es) Facility rent ($3,200) 3,200 Insurance (52,300) 2,300 Miscellaneous 15800 3,100 50.100) Total expense 164,250 Net operating income $27.750 Required: Calculate the company's activity variances for July indicate the effect of each variance by selecting for Gewerbe. "U" for unfavorable and "None" for no effect detero variance Input all amounts lives Fight Cats Activ Variance For the Month End July 31 Expert Ramalan Wages and Town operating

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Concepts For A Changing Environment With IDEA Software

Authors: Larry E. Rittenberg, Bradley J. Schwieger

4th Edition

0387321500, 978-0324180237

More Books

Students also viewed these Accounting questions