Question

please type the answers accounting 640

Help Save & Exit Check 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) 10. $117. 9 Revenue ($3.969) Expenses: Raw materials ($1.6) Wages and salaries ($6,300 + 50.209) Utilities (52,200 + $0.05) Facility rent (53,500) Insurance (52,0) Miscellaneous (5400 + $0.169) Total expense Net operating incom 54. 12.30 3.709 3.800 2,300 3,400 80,000 $37.00 In July 31,000 meals were actually served. The company's flexible budget for this level of activity appears below. Flight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (9) 31,009 < Prey 2 of 5 !!! Next > Desiting

Answer 1

Solution:

Flight café
Activity Variances
For the month ended July 31
Particulars	Flexible Budget (31000 meals)	Planning Budget (30000 meals)	Variances	Fav. / Unfav.
Revenue	$120,900.00	$117,000.00	$3,900.00	F
Expenses:
Raw Materials	$55,800.00	$54,000.00	$1,800.00	U
Wages and salaries	$12,500.00	$12,300.00	$200.00	U
Utilities	$3,750.00	$3,700.00	$50.00	U
Facility rent	$3,800.00	$3,800.00	$0.00	None
Insurance	$2,800.00	$2,800.00	$0.00	None
Miscellaneous	$3,500.00	$3,400.00	$100.00	U
Total Expenses	$82,150.00	$80,000.00	$2,150.00	U
Net Operating Income	$38,750.00	$37,000.00	$1,750.00	F