Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport....

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Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport. The companys planning budg

In July, 25,000 meals were actually served. The companys flexible budget for this level of activity appears below: Flight Ca

Required: 1. Calculate the companys activity variances for July (Indicate the effect of each variance by selecting F for f

business accounting

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Answer 1

Answer #1

Answer:


Flight Café Activity variance	Flexible	planned	Variance
Revenue	110000	105600	4400	F
Expenses:
Raw Materials	45000	43200	1800	U
Wages & Salaries	11500	11300	200	U
Utilities	3050	3000	50	U
Facility Rent	3200	3200	0	N
Insurance	3000	3000	0	N
Miscellneous	3100	3000	100	U
Total Expense	68850	66700	2150	U
Net operating income	41150	38900	2250	F

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Answer 2

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