ting X Connect c Flight Caf Prepares in flight Me X + mheducation.com/ext/map/index.html?_con=con&external browser=0&launchurl+https%253A%252F%252Flms.mheducation.com%252Fmghmi. Homework Saved Help Save & EX Check Exercise 9-2 Activity Variances [LO9-2) Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: 29,000 $113, 100 Flight care Planning Budget For the Month Ended July 31 Budgeted meals (9) Revenue ($3.909) Expenses Raw materials (51.909) Wages and salaries ($6,300 + $0.209) utilities ($2,000 + $0.059) Facility rent ($3,700) Insurance ($2,800) Miscellaneous (5800 + $0.189) Total expense Net operating income 55,100 12, 100 3,450 3,700 2,800 3,700 80,850 $ 32,250 In July, 30.000 meals were actually served. The company's flexible budget for this level of activity appears below: Check my w In July, 30,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight cafe Flexible Budget For the Month Ended July 31 Budgeted meals (9) 30,000 $117,000 Revenue ($3.909) Expenses : Raw materials ($1.999) Wages and salaries ($6,300+ $0.209) Utilities ($2,000 + $0.059) Facility rent ($3,700) Insurance ($2,800) Miscellaneous ($800 + $0.109) Total expense Net operating income 57,000 12,300 3,500 3,700 2,800 3,800 83, 100 $ 33, 900 Required: 1. Calculate the company's activity variances for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Check my work 2 Required: 1. Calculate the company's activity variances for July (Ind cate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.) 5 eBook Hint Ask Flight Cale Activity Variances For the Month Ended July 31 Revenue $ 3.900 Expenses Raw materials 1,900 Wages and sales Utilities Facility rent Insurance Print Miscellaneous Total expense Net operating income ting X Connect c Flight Caf Prepares in flight Me X + mheducation.com/ext/map/index.html?_con=con&external browser=0&launchurl+https%253A%252F%252Flms.mheducation.com%252Fmghmi. Homework Saved Help Save & EX Check Exercise 9-2 Activity Variances [LO9-2) Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: 29,000 $113, 100 Flight care Planning Budget For the Month Ended July 31 Budgeted meals (9) Revenue ($3.909) Expenses Raw materials (51.909) Wages and salaries ($6,300 + $0.209) utilities ($2,000 + $0.059) Facility rent ($3,700) Insurance ($2,800) Miscellaneous (5800 + $0.189) Total expense Net operating income 55,100 12, 100 3,450 3,700 2,800 3,700 80,850 $ 32,250 In July, 30.000 meals were actually served. The company's flexible budget for this level of activity appears below: Check my w In July, 30,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight cafe Flexible Budget For the Month Ended July 31 Budgeted meals (9) 30,000 $117,000 Revenue ($3.909) Expenses : Raw materials ($1.999) Wages and salaries ($6,300+ $0.209) Utilities ($2,000 + $0.059) Facility rent ($3,700) Insurance ($2,800) Miscellaneous ($800 + $0.109) Total expense Net operating income 57,000 12,300 3,500 3,700 2,800 3,800 83, 100 $ 33, 900 Required: 1. Calculate the company's activity variances for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Check my work 2 Required: 1. Calculate the company's activity variances for July (Ind cate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.) 5 eBook Hint Ask Flight Cale Activity Variances For the Month Ended July 31 Revenue $ 3.900 Expenses Raw materials 1,900 Wages and sales Utilities Facility rent Insurance Print Miscellaneous Total expense Net operating income