Homework Answers
Answer
[1]
| Flight Café | ||
| Activity Variance = Difference between Flexible budget and Planning Budget | ||
| Revenue | $4,400 | Favourable |
| Expenses: | ||
| Raw materials | $2,100 | Unfavourable |
| Wages & Salaries | $200 | Unfavourable |
| Utilities | $50 | Unfavourable |
| Facility Rent | $0 | None |
| Insurance | $0 | None |
| Miscellaneous | $100 | Unfavourable |
| Total Expenses | $2,450 | Unfavourable |
| Net Operating Income | $1,950 | Favourable |
--Working
| Flight Café | ||
| Activity Variance = Difference between Flexible budget and Planning Budget | ||
| Revenue | =118800-114400 | Favourable |
| Expenses: | ||
| Raw materials | =56700-54600 | Unfavourable |
| Wages & Salaries | =11400-11200 | Unfavourable |
| Utilities | =3150-3100 | Unfavourable |
| Facility Rent | =3000-3000 | None |
| Insurance | =2900-2900 | None |
| Miscellaneous | =3200-3100 | Unfavourable |
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Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport....
Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport....
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....
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 prepares in-flight meals for airlines in its kitchen located next to a local airport....
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,...
Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport....
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 ($4.100) Expenses: Raw materials ($2.109) Wages and salaries (56,200 + $0.209) Utilities ($1,800 + $0.059) Facility rent ($3,500) Insurance ($2,000) Miscellaneous ($700 + $0.100) Total expense Net operating income 52,500 11,200 3,050 3,500 2.000 3,200 75,450 $ 27,050 In July,...
Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport....
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 $95,000 Revenue ($3.809) Expenses : Raw materials ($1.809) Wages and salaries ($6,000 + $0.209) Utilities ($2,200 + $0.059) Facility rent ($3,500) Insurance ($2,200) Miscellaneous ($500 + $0.109) Total expense Net operating income 45,000 11,000 3,450 3,500 2,200 3,000 68,150 $26,850 In July,...
Flight Café is a company that prepares in-flight meals for airlines in its kitchen located next...
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....
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...
Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport....
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) 20,000 $ 76,000 Revenue ($3.809) Expenses: Raw materials ($2.209) Wages and salaries ($6,300 + $0.20g) Utilities ($1,800 + $0.059) Facility rent ($3,100) Insurance ($2,500) Miscellaneous ($400 + $0.109) Total expense Net operating income 44,000 10,300 2,800 3,100 2,500 2,400 65,100 $10,900 In July,...
Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport....
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: Plight Café Planning Budget For the Month Ended July 31 Budgeted meals (9) 24,000 Book $105,600 Print Revenue ($4.409) Expenses : Raw materials ($1.809) Wages and salaries ($6,500 + $0.209) Utilities ($1,800 + $0.059) Facility rent ($3,200) Insurance ($3,000) Miscellaneous ($600 + $0.100) Total expense Net operating income 43,200 11,300 3,000 3,200 3,000 3,000 66,700 $...
Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport....
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 (g) 21,000 $90,300 Revenue ($4.309) Expenses Raw materials ($2.209) Wages and salaries ($6,300 + $0.2001 Utilities ($2,000 + $0.059) Facility rent ($3,300) Insurance $2,200) Miscellaneous ($900 + $0.109) Total expense Net operating income 46.200 10,500 3.050 3,300 2.200 3.000 68,250 $22.950 In July, 22,000...
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) 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 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,...
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 ($4.100) Expenses: Raw materials ($2.109) Wages and salaries (56,200 + $0.209) Utilities ($1,800 + $0.059) Facility rent ($3,500) Insurance ($2,000) Miscellaneous ($700 + $0.100) Total expense Net operating income 52,500 11,200 3,050 3,500 2.000 3,200 75,450 $ 27,050 In July,...
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 $95,000 Revenue ($3.809) Expenses : Raw materials ($1.809) Wages and salaries ($6,000 + $0.209) Utilities ($2,200 + $0.059) Facility rent ($3,500) Insurance ($2,200) Miscellaneous ($500 + $0.109) Total expense Net operating income 45,000 11,000 3,450 3,500 2,200 3,000 68,150 $26,850 In July,...
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) 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...
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) 20,000 $ 76,000 Revenue ($3.809) Expenses: Raw materials ($2.209) Wages and salaries ($6,300 + $0.20g) Utilities ($1,800 + $0.059) Facility rent ($3,100) Insurance ($2,500) Miscellaneous ($400 + $0.109) Total expense Net operating income 44,000 10,300 2,800 3,100 2,500 2,400 65,100 $10,900 In July,...
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: Plight Café Planning Budget For the Month Ended July 31 Budgeted meals (9) 24,000 Book $105,600 Print Revenue ($4.409) Expenses : Raw materials ($1.809) Wages and salaries ($6,500 + $0.209) Utilities ($1,800 + $0.059) Facility rent ($3,200) Insurance ($3,000) Miscellaneous ($600 + $0.100) Total expense Net operating income 43,200 11,300 3,000 3,200 3,000 3,000 66,700 $...
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 (g) 21,000 $90,300 Revenue ($4.309) Expenses Raw materials ($2.209) Wages and salaries ($6,300 + $0.2001 Utilities ($2,000 + $0.059) Facility rent ($3,300) Insurance $2,200) Miscellaneous ($900 + $0.109) Total expense Net operating income 46.200 10,500 3.050 3,300 2.200 3.000 68,250 $22.950 In July, 22,000...
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