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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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