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TB Problem Qu. 9-383 (Algo) Adamyan Urban Diner is a charity... Adamyan Urban Diner is a charity supported by donations that provides free meals to
TB Problem Qu. 9-383 (Algo) Adamyan Urban Diner is a charity... Adamyan Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for May was based on 3,700 meals, but the diner actually served 3,900 meals. The diner's director has provided the following cost data to use in the budget: groceries, $4.75 per meal; kitchen operations, $5,700 per month plus $1.83 per meal; administrative expenses, $4,700 per month plus $0.48 per meal; and fundraising expenses, $2,700 per month. The director has also provided the diner's statement of actual expenses for the month: Required: Prepare a report showing the activity variances for each of the expenses and for total expenses for May. (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.)
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