Homework Answers
| Flight Café | ||
| Activity variance | ||
| For the month ended July 31 | ||
| Revenue ( 118900 - 123000 ) | 4100 | F |
| Expenses : | ||
| Raw materials ( 63800 - 66000 ) | 2200 | U |
| Wages and salaries ( 12000 - 12200 ) | 200 | U |
| Utilities ( 3250 - 3300 ) | 50 | U |
| Facility rent ( 3100 - 3100 ) | 0 | None |
| Insurance ( 2500 - 2500 ) | 0 | None |
| Miscellaneous ( 3700 - 3800 ) | 100 | U |
| Total expense ( 88350 - 90900 ) | 2550 | U |
| Net operating income ( 30550 - 32100 ) | 1550 | F |
| For revenue activity variances, if the flexible amount is more than the planning, then the variance is favorable and vice-versa. |
| For cost variances, if the flexible amount is more than the planning ,then the variance is unfavorable and vice-versa. |
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Flight Café prepares In-flight meals for alirlines In ts kitchen located next to a local alrport....
2. Flight Café prepares in-flight meals for airlines in its kitchen located next to a local...
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) 24,000 Revenue ($4.10q) $ 98,400 Expenses: Raw materials ($2.10q) 50,400 Wages and salaries ($6,500 + $0.20q) 11,300 Utilities ($1,900 + $0.05q) 3,100 Facility rent ($3,900) 3,900 Insurance ($2,800) 2,800 Miscellaneous ($700 + $0.10q) 3,100 Total expense 74,600 Net operating income $ 23,800...
2 Flight Café prepares in-flight meals for airlines in its kitchen located next to a local...
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 points Budgeted meals (q) 27,000 eBook Revenue ($4.10q) Expenses $110,700 Hint Raw materials ($1.904) Wages and salaries ($6,3e0s0.20q) Utilities ($2,10e $e.e5q) Facility rent ($3,200) Insurance ($2,200) Miscellaneous ($500 $0.10q) 51,300 11,700 3,450 3,200 2,200 3, 200 75, 850 35,65e Print References Total expense Net operating...
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 (q) 25,000 Revenue ($4.40q) $ 110,000 Expenses: Raw materials ($2.10q) 52,500 Wages and salaries ($6,200 + $0.20q) 11,200 Utilities ($2,100 + $0.05q) 3,350 Facility rent ($3,200) 3,200 Insurance ($2,700) 2,700 Miscellaneous ($600 + $0.10q) 3,100 Total expense 76,050 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
(q)
21,000
Revenue
($4.00q)
$
84,000
Expenses:
Raw materials
($2.30q)
48,300
Wages and
salaries ($6,400 + $0.20q)
10,600
Utilities
($2,000 + $0.05q)
3,050
Facility rent
($3,000)
3,000
Insurance
($2,400)
2,400
Miscellaneous
($400 + $0.10q)
2,500
Total
expense
69,850
Net operating
income
$
14,150
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 21,000 Budgeted meals (q) $79,800 Revenue ($3.80q) Expenneв Raw materials ($2.00g) Wages and salaries ($6, 300 $0.20q) Utilities ($2,100 $0.05q) Facility rent ($3,200) Insurance ($2,300) Miscellaneous ($700 +$0.10q) Total expense 42,000 10,500 3,150 3,200 2,300 2,800 63,950 $15,850 Net operating income In July, 22,000 meals were...
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 (q) 24,000 Revenue ($4.40q) Expenses: Raw materials ($1.90q) Wages and salaries ($6,200 $0.20q) 11,000 Utilities ($1,900 + $0.05q) Facility rent ($3,700) Insurance ($2,800) Miscellaneous ($500 $0.10q) Total expense $105,600 45,600 3,100 3,700 2,800 2,900 69,100 $ 36,500 Net operating income In July, 25,000 meals...
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 (q) 20,000 Revenue ($4.30q) $ 86,000 Expenses: Raw materials ($1.90q) 38,000 Wages and salaries ($6,000 + $0.20q) 10,000 Utilities ($2,100 + $0.05q) 3,100 Facility rent ($3,600) 3,600 Insurance ($2,900) 2,900 Miscellaneous ($500 + $0.10q) 2,500 Total expense 60,100 Net operating income $ 25,900 In...
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. The company’s planning...
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) 30,000 Revenue ($4.00q) $ 120,000 Expenses: Raw materials ($2.10q) 63,000 Wages and salaries ($6,300 + $0.20q) 12,300 Utilities ($2,000 + $0.05q) 3,500 Facility rent ($3,100) 3,100 Insurance ($2,700) 2,700 Miscellaneous ($500 + $0.10q) 3,500 Total expense 88,100 Net operating income $ 31,900 In...
Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's plannin...
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) 27,000 Revenue ($4.40q) $118,800 Expenses: Raw materials ($1.80q) Wages and salaries ($6,400 $0.20q) Utilities (S2,000$0.05q) Facility rent ($3,800) Insurance ($2,700) Miscellaneous ($700$0.10q) 48,600 11,800 3,350 3,800 2,700 3,400 73,650 $ 45,150 Total expense Net operating income In July, 28,000 meals were actually served....
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 points Budgeted meals (q) 27,000 eBook Revenue ($4.10q) Expenses $110,700 Hint Raw materials ($1.904) Wages and salaries ($6,3e0s0.20q) Utilities ($2,10e $e.e5q) Facility rent ($3,200) Insurance ($2,200) Miscellaneous ($500 $0.10q) 51,300 11,700 3,450 3,200 2,200 3, 200 75, 850 35,65e Print References Total expense 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
(q)
21,000
Revenue
($4.00q)
$
84,000
Expenses:
Raw materials
($2.30q)
48,300
Wages and
salaries ($6,400 + $0.20q)
10,600
Utilities
($2,000 + $0.05q)
3,050
Facility rent
($3,000)
3,000
Insurance
($2,400)
2,400
Miscellaneous
($400 + $0.10q)
2,500
Total
expense
69,850
Net operating
income
$
14,150
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 21,000 Budgeted meals (q) $79,800 Revenue ($3.80q) Expenneв Raw materials ($2.00g) Wages and salaries ($6, 300 $0.20q) Utilities ($2,100 $0.05q) Facility rent ($3,200) Insurance ($2,300) Miscellaneous ($700 +$0.10q) Total expense 42,000 10,500 3,150 3,200 2,300 2,800 63,950 $15,850 Net operating income In July, 22,000 meals were...
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) 24,000 Revenue ($4.40q) Expenses: Raw materials ($1.90q) Wages and salaries ($6,200 $0.20q) 11,000 Utilities ($1,900 + $0.05q) Facility rent ($3,700) Insurance ($2,800) Miscellaneous ($500 $0.10q) Total expense $105,600 45,600 3,100 3,700 2,800 2,900 69,100 $ 36,500 Net operating income In July, 25,000 meals...
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) 27,000 Revenue ($4.40q) $118,800 Expenses: Raw materials ($1.80q) Wages and salaries ($6,400 $0.20q) Utilities (S2,000$0.05q) Facility rent ($3,800) Insurance ($2,700) Miscellaneous ($700$0.10q) 48,600 11,800 3,350 3,800 2,700 3,400 73,650 $ 45,150 Total expense Net operating income In July, 28,000 meals were actually served....
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