Flexible budget | Planning budget | Activity variance | |
Budgeted meals | 22,000 | 21,000 | |
Revenue | 88,000 | 84,000 | 4,000 (F) |
Expenses: | |||
Raw materials | 44,000 | 42,000 | 2000(U) |
Wages and salaries | 10,800 | 10,600 | 200(U) |
Utilities | 3,100 | 3,050 | 50(U) |
Facility rent | 3,300 | 3,300 | - |
Insurance | 2,400 | 2,400 | - |
Miscellaneous | 2,700 | 2,600 | 100(U) |
Total expenses | 66,300 | 63,950 | 2,350(U) |
Net operating income | 21,700 | 20,050 | 1,650(F) |
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Please help. Thank you! Flight Café prepares in-flight meals for airlines in its kitchen located next...
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) 18,000 $ 81,000 Revenue ($4.50) Expenses: Raw materials ($2.409) Wages and salaries ($5,200 + $0.30g) Utilities ($2,400 + $0.059) Facility rent ($4,300) Insurance ($2,300) Miscellaneous ($680 + $0.109) Total expense Net operating income 43,200 10,600 3,300 4,300 2.300 2.480 66,180 $14,820 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 Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) 29,080 $88,880 Revenue ($4.489) Expenses: Raw materials ($2.109) Wages and salaries ($6,199 + $0.289) Utilities ($2,280 + $.859) Facility rent ($3,200) Insurance ($2.ee) Miscellaneous ($480 + $0.189) Total expense Net operating income 42.989 18, 18e 3.280 3, 2ee 2.189 2.480 63,eee $25,000 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) 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 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) 23,800 $87,400 Revenue ($3.809) Expenses: Raw materials ($2.209) Wages and salaries ($6,100 + $0.209) Utilities ($2,000 + $0.059) Facility rent (54,600) Insurance ($2,500) Miscellaneous ($500 + $0.189) Total expense Net operating income 50,600 10,700 3,150 4,000 2,500 2,800 73,750 $13,650 In July, 24,000...
Flight Café is a company that prepares in-ight meals for airlines in its kitchen located next to the local airport. The company's planning budget for July appears below: Fight Café Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue (S4.40q) Expenses: 26,000 S114,400 Raw materials ($1.90q) Wages and salaries (S6,200 + $0.20q) Utilities ($2,000+SO.05q) Facility rent($3,200) Insurance ($2,200) Miscellaneous (S300S0.10g) 2,900 49,400 11,400 3,300 3,200 2,200 2,400 S 42,000 Total expense Net operating income In July, 27,000...
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: Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (g) Revenue (53.90q) Expenses 27,000 S105,300 Raw materials ($1.90q) Wages and salaries ($6,300+$0.20q) Utilities ($2,000$0.05q) Facility rent ($4,000) Insurance ($2,900) Miscellaneous ($500 $0.10q 51,300 11,700 3,350 4,000 2,900 3,200 76,450 S 28,850 Total expense Net operating income In July, 28,000...
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) 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,...