Activity variance
Revenue (106600-110700) | 4100 F |
expense | |
Raw material (54600-56700) | 2100 U |
wages and salaries 11400-11600 | 200 U |
Utilities (3200-3250) | 50 U |
Facility rent (3250-3250) | 0 None |
Insurance | 0 None |
Miscellaneous | 100 U |
Total expense | 2450 U |
Net operating income | 1650 F |
Exercise 9-2 Prepare a Report Showing Activity Variances [LO9-2] Flight Café is a company that prepares...
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: Flight Café Planning Budget For the Month Ended July 31 Budgeted meals (9) 27,000 $121,500 Revenue ($4.509) Expenses: Raw materials ($2.109) Wages and salaries ($6,200 + $0.20g) Utilities ($1,900 + $0.059) Facility rent ($3,000) Insurance ($2,100) Miscellaneous ($600 + $0.10q) Total expense Net operating income 56,700 11,600 3,250 3,000 2,100 3,300 79,950 $ 41,550 In July,...
Exercise 9-2 (Algo) Activity Variances (LO9-2] 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: Flight Café Planning Budget For the Month Ended July 31 Budgeted meals (9) 30, eee Revenue ($4.509) $135, eee Expenses: Raw materials ($2.089) 60, eee Wages and salaries ($6,108 + $0.289) 12,1ee Utilities ($1,900 + $0.059) 3,400 Facility rent ($3,500) 3,500 Insurance ($2,600) 2,600 Miscellaneous (5600 + $0.1@q) 3,600 Total...
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: Flight Café Planning Budget For the Month Ended July 31 Budgeted meals (9) 25,000 $ 102,500 Revenue ($4.109) Expenses : Raw materials ($1.909) Wages and salaries ($6,100 + $0.209) Utilities ($2,200 + $0.059) Facility rent ($3,100) Insurance ($3,000) Miscellaneous ($700 + $0.109) Total expense Net operating income 47,500 11,100 3,450 3,100 3,000 3,200 71,350 $ 31,150...
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: Flight Café Planning Budget For the Month Ended July 31 Budgeted meals (9) 26,000 $104,000 Revenue ($4.009) Expenses : Raw materials ($1.80g) Wages and salaries ($6,500 + $0.209) Utilities ($2,000 + $0.059) Facility rent ($3,300) Insurance ($2,000) Miscellaneous ($800 + $0.109) Total expense Net operating income 46,800 11,700 3,300 3,300 2,000 3,400 70,500 $ 33,500 In...
Exercise 9-2 Activity Variances [LO9-2] 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: Flight Café Planning Budget For the Month Ended July 31 Budgeted meals (q) 25,000 Revenue ($4.00q) $ 100,000 Expenses: Raw materials ($1.80q) 45,000 Wages and salaries ($6,200 + $0.20q) 11,200 Utilities ($1,800 + $0.05q) 3,050 Facility rent ($3,600) 3,600 Insurance ($2,700) 2,700 Miscellaneous ($800 + $0.10q) 3,300 Total expense 68,850 Net...
correct
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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: Flight Café Planning Budget For the Month Ended July Budgeted meals (9) 22,000 $90,200 Revenue ($4.109) Expenses : Raw materials ($1.809) Wages and salaries ($6,300 + $0. Utilities ($2,100 + $0.059) Facility rent ($3,100) Insurance ($2,200) Miscellaneous ($700 + $0.109) Total expense Net operating income 39,600 10,700 3,200 3,100 2,200...
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: Flight Café Planning Budget For the Month Ended July 31 Budgeted meals (9) 26,000 $ 114,400 Revenue ($4.409) Expenses: Raw materials ($2.109) Wages and salaries ($6,000 + $0.209) Utilities ($1,800 + $0.059) Facility rent ($3,000) Insurance ($2,900) Miscellaneous ($500 + $0.109) Total expense Net operating income 54,600 11,200 3,100 3,000 2,900 3,100 77,900 $ 36,500 In...
Flight Café is a company that prepares in-flight meals for
airlines in its kitchen located next to the local airport. The
company’s planning budget for July appears below:
Budgeted meals (9) Revenue ($4.409) 22,000 $ 96,800 Expenses: Raw materials ($1.909) Wages and salaries ($6,000 + $0.209) Utilities ($1,900 + $0.059) Facility rent ($3,800) Insurance ($2,400) Miscellaneous ($700 + $0.109) 41,800 10,400 3,000 3,800 2,400 2,900 Total expense 64,300 Net operating income $ 32,500 In July, 23,000 meals were actually served....
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: Flight Café Planning Budget For the Month Ended July 31 Budgeted meals (9) 21,000 $84,000 Revenue ($4.009) Expenses: Raw materials ($2.109) Wages and salaries ($6,400 + $0.209) Utilities ($1,900 + $0.059) Facility rent ($3,800) Insurance ($2,700) Miscellaneous ($500 + $0.109) Total expense Net operating income 44,100 10,600 2,950 3,800 2,700 2,600 66,750 $17,250 In July, 22,000...
Flight Café Planning Budget For the Month Ended July 31 Budgeted meals (9) 21,000 Revenue ($4.109) $ 86, 100 Expenses : Raw materials ($2.209) 46,200 Wages and salaries ($6,300 + 10,500 10 $0.209) Utilities ($2,000 + $0.059) 3,050 Facility rent ($3,000) 3,000 Insurance ($2,700) 2,700 Miscellaneous ($800 + $0.109)_2,900 Total expense 68,350 Net operating income $17,750 In July, 22,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Café Flexible Budget For the...