- Flight Cafe Prepares In Flight Meals For Airlines In Its Kitchen Located Next To A Local Airport The Company S Planning 1 (32.93 KiB) Viewed 18 times
- Flight Cafe Prepares In Flight Meals For Airlines In Its Kitchen Located Next To A Local Airport The Company S Planning 2 (34.88 KiB) Viewed 18 times
- Flight Cafe Prepares In Flight Meals For Airlines In Its Kitchen Located Next To A Local Airport The Company S Planning 3 (29.66 KiB) Viewed 18 times
In July, 23,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Café Flexible Budget For the Month Ended July 31 Budgeted meals (9) 23,000 Revenue ($4.209) $96,600 Expenses: Raw materials ($2.009) 46,000 Wages and salaries ($6,100+ $0.209) 10,700 Utilities ($2,100 + $0.959) 3,250 Facility rent ($3,100) 3,100 Insurance ($2,800) 2,800 Miscellaneous ($500 + $0.189) 2,800 Total expense 68,658 Net operating income $27,950 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 (i.e., zero variance). Input all amounts as positive values.) Flight Café Activity Variances
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 (i.e., zero variance). Input all amounts as positive values.) 5 Flight Café Activity Variances For the Month Ended July 31 Revenue Expenses Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income