Answer Happy

Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below 18,000 501,000 Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) Revenue (54.500) Expenses Raw materials (52.480) Mages and salaries (55,200 + $0.300) utilities ($2.400 + 50.05) Facility rent (54,300) Insurance (52,300) Miscellaneous 60 + $0.1993 Total expense tiet operating income 43,200 10,600 3.300 4,300 2,300 2.450 66,100 $ 14,620
In July, 17,800 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Care Flexible Budget 12,800 5.80, 100 For the Month Ended July 31 Budgeted meals (9) Revenue ($4.500) Expenses: Raw materials (52.469) Wages and salaries (55,200 + $0.389) Utilities (52,400 + 50.05) Facility rent (54,300) Insurance (52,300) Miscellaneous (5680 + $0.109) Total expense Net operating income 42,720 10,540 3,290 4,320 2,300 2,460 65.610 $ 14,490
Required: 1. Calculate the company's activity variances for July (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts os positive values.) Flight Cate Activity Variances For the Month Ended July 31 Revenue Expenses Raw materials Wages and sales Utilities Facilityrant Insurance Miscellaneous Total Expo Net perting income