Homework Answers
Answer-
| Flight Cafe | ||||
| Activity variances | ||||
| For the month ended July 31 | ||||
| Particulars | Planning Budget | Flexible Budget | Activity Variances | Remark |
| $ | $ | $ | ||
| Revenue | 118800 | 123200 | 4400 | Favorable |
| Less:- Expenses | ||||
| Raw materials | 48600 | 50400 | -1800 | Unfavorable |
| Wages & salaries | 11800 | 12000 | -200 | Unfavorable |
| Utilities | 3350 | 3400 | -50 | Unfavorable |
| Facility rent | 3800 | 3800 | 0 | None |
| Insurance | 2700 | 2700 | 0 | None |
| Miscellaneous | 3400 | 3500 | -100 | Unfavorable |
| Total expenses | 73650 | 75800 | -2150 | Unfavorable |
| Net operating income | 45150 | 47400 | 2250 | Favorable |
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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....
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) 27,000 Revenue ($4.30q) $ 116,100 Expenses: Raw materials ($1.80q) 48,600 Wages and salaries ($6,500 + $0.20q) 11,900 Utilities ($2,100 + $0.05q) 3,450 Facility rent ($3,500) 3,500 Insurance ($2,900) 2,900 Miscellaneous ($900 + $0.10q) 3,600 Total expense 73,950 Net operating income $ 42,150 In...
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) 29,000 Revenue ($4.50q) $ 130,500 Expenses: Raw materials ($2.00q) 58,000 Wages and salaries ($6,500 + $0.20q) 12,300 Utilities ($2,000 + $0.05q) 3,450 Facility rent ($3,300) 3,300 Insurance ($2,700) 2,700 Miscellaneous ($400 + $0.10q) 3,300 Total expense 83,050 Net operating income $ 47,450 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 (q) 29,000 Revenue ($4.00q) $ 116,000 Expenses: Raw materials ($1.90q) 55,100 Wages and salaries ($6,500 + $0.20q) 12,300 Utilities ($2,100 + $0.05q) 3,550 Facility rent ($3,900) 3,900 Insurance ($2,700) 2,700 Miscellaneous ($800 + $0.10q) 3,700 Total expense 81,250 Net operating income $ 34,750 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) 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....
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) $ 105,600 Expenses: Raw materials ($2.30q) 55,200 Wages and salaries ($6,400 + $0.20q) 11,200 Utilities ($1,900 + $0.05q) 3,100 Facility rent ($3,000) 3,000 Insurance ($2,800) 2,800 Miscellaneous ($900 + $0.10q) 3,300 Total expense 78,600 Net operating income $ 27,000 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
(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 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 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 Cafe Planning Budget For the Month Ended July 31 Budgeted meals (g) Revenue (53.90q) Expenses 27,000 S105,300 Raw materials ($1.90q) Wages and salaries ($6,300+$0.20q) Utilities ($2,000$0.05q) Facility rent ($4,000) Insurance ($2,900) Miscellaneous ($500 $0.10q 51,300 11,700 3,350 4,000 2,900 3,200 76,450 S 28,850 Total expense Net operating income In July, 28,000...
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. 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
(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 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 Cafe Planning Budget For the Month Ended July 31 Budgeted meals (g) Revenue (53.90q) Expenses 27,000 S105,300 Raw materials ($1.90q) Wages and salaries ($6,300+$0.20q) Utilities ($2,000$0.05q) Facility rent ($4,000) Insurance ($2,900) Miscellaneous ($500 $0.10q 51,300 11,700 3,350 4,000 2,900 3,200 76,450 S 28,850 Total expense Net operating income In July, 28,000...
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