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2 Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport. The companys planning bu2 83, 15U 19,450 Totai expense Net operating income Required: 1. Calculate the companys activity variances for July. (Indica

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Answer #1

Activity variance

Revenue 3800 F
Expense
raw material 2200 U
Wages and salaries 200 U
Utilities 50 U
facility rent 0 None
Insurance 0 None
Miscellaneous 100 U
Total expense 2550 U
Net operating income 1250 F
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