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Using the following information, calculate the static budget, flexible budget and sales-volume variances: Actual Budget Total Revenue $917,000 $1,021,400 Total Food Cost $104,000 $85,000 Total
Using the following information, calculate the static budget, flexible budget and sales-volume variances:
Actual | Budget | |
Total Revenue | $917,000 | $1,021,400 |
Total Food Cost | $104,000 | $85,000 |
Total Variable Labor | $65,000 | $51,000 |
Total Fixed Costs | $180,000 | $180,000 |
Guests Served | 227,000 guests | 233,000 guests |
Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Enter all variances as positive values. Actual Operating Income: $Answer Budgeted Operating Income: $Answer Budgeted CM per guest: $Answer Flexible Budget Operating Income: $Answer Static-budget Variance: $Answer AnswerFavourableUnfavourable Flexible Budget Variance: $Answer AnswerFavourableUnfavourable Sales-volume Variance: $Answer Answer
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