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Homework Answers
1) Activity variance
| Revenue | 4500 F |
| Expense | |
| Raw materials | 2000 U |
| Wages and salaries | 200 U |
| Utilities | 50 U |
| Facility rent | 0 None |
| Insurance | 0 None |
| Miscellaneous | 100 U |
| Total expense | 2350 U |
| Net operating income | 2150 F |
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Exercise 9-2 (Algo) Activity Variances (LO9-2] Flight Café prepares in-flight meals for airlines in its kitchen...
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: Flight Café Planning Budget For the Month Ended July 31 Budgeted meals (9) 22,000 Revenue ($4.40) $ 96,800 50,600 Expenses: Raw materials ($2.309) Wages and salaries ($6,400 + $0.20) Utilities ($1,900 + $0.059) Facility rent ($3,400) Insurance ($2,600) Miscellaneous ($600 + $0.100) 10,800 3,000 3,400 2,600 2,800 Total expense 73,200 Net operating...
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) 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...
Exercise 9-2 Activity Variances [LO9-2] Flight Café prepares in-flight meals for airlines in its kitchen located...
Exercise 9-2 Activity Variances [LO9-2] 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 (q) 25,000 Revenue ($4.00q) $ 100,000 Expenses: Raw materials ($1.80q) 45,000 Wages and salaries ($6,200 + $0.20q) 11,200 Utilities ($1,800 + $0.05q) 3,050 Facility rent ($3,600) 3,600 Insurance ($2,700) 2,700 Miscellaneous ($800 + $0.10q) 3,300 Total expense 68,850 Net...
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,...
Exercise 9-2 Prepare a Report Showing Activity Variances [LO9-2] Flight Café is a company that prepares...
Exercise 9-2 Prepare a Report Showing Activity Variances [LO9-2] 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 Café Planning Budget For the Month Ended July 31 Budgeted meals (9) Revenue ($4.109) 26,000 $ 106,600 Expenses: Raw materials ($2.109) Wages and salaries ($6,200 + $0.20g) Utilities ($1,900 + $0.059) Facility rent ($3,300) Insurance ($3,000) Miscellaneous ($800 + $0.109) 54,600 11,400...
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) 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....
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) 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 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 Café Planning Budget For the Month Ended July 31 Budgeted meals (9) 22,000 Revenue ($4.40) $ 96,800 50,600 Expenses: Raw materials ($2.309) Wages and salaries ($6,400 + $0.20) Utilities ($1,900 + $0.059) Facility rent ($3,400) Insurance ($2,600) Miscellaneous ($600 + $0.100) 10,800 3,000 3,400 2,600 2,800 Total expense 73,200 Net operating...
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) 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 $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,...
Exercise 9-2 Prepare a Report Showing Activity Variances [LO9-2] 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 Café Planning Budget For the Month Ended July 31 Budgeted meals (9) Revenue ($4.109) 26,000 $ 106,600 Expenses: Raw materials ($2.109) Wages and salaries ($6,200 + $0.20g) Utilities ($1,900 + $0.059) Facility rent ($3,300) Insurance ($3,000) Miscellaneous ($800 + $0.109) 54,600 11,400...
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) 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) 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) 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...
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