Answer:
1.)
Flight Cafe | ||||
Activity Variances | ||||
For the Month Ended July 31 | ||||
Flexible | Planned | Variance | ||
Revenue | 90,200 | 86,100 | 4100 | F |
Expenses: | ||||
Raw Materials | 44,000 | 42,000 | 2000 | U |
Wages & Salaries | 10,800 | 10,600 | 200 | U |
Utilities | 3,200 | 3,150 | 50 | U |
Facility Rent | 3,100 | 3,100 | 0 | N |
Insurance | 2,700 | 2,700 | 0 | N |
Miscellaneous | 2,600 | 2,500 | 100 | U |
Total Expense | 66,400 | 60,050 | 6,350 | U |
Net operating income | 23,800 | 22,050 | 1750 | F |
Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's p...
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) 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) 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 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 ($4.100) 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) 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) 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 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) 30,000 $126,000 Revenue ($4.209) Expenses : Raw materials ($1.809) Wages and salaries ($6,500 + $0.209) Utilities $2,000 + $0.059) Facility rent ($3,800) Insurance ($2,100) Miscellaneous ($400 + $0.109) Total expense Net operating income 54,000 12,500 3,500 3,800 2,100 3,400 79,300 $ 46, 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 (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 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,...