Question

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) 28,000 Revenue ($4.00q) $ 112,000 Expenses: Raw materials ($1.90q) 53,200 Wages and salaries ($6,400 + $0.20q) 12,000 Utilities ($1,900 + $0.05q) 3,300 Facility rent ($3,200) 3,200 Insurance ($2,100) 2,100 Miscellaneous ($400 + $0.10q) 3,200 Total expense 77,000 Net operating income $ 35,000 In July, 29,000 actually meals were served. The company’s flexible budget for this level of activity appears below: Flight Café Flexible 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 ($6,400+ $0.20q) 12,200 Utilities ($1,900 + $0.05q) 3,350 Facility rent ($3,200) 3,200 Insurance ($2,100) 2,100 Miscellaneous ($400 + $0.10q) 3,300 Total expense 79,250 Net operating income $ 36,750 Required: 1. Calculate the company’s activity variances for July

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
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) 28,000 Revenue ($4.00q) $ 112,000 Expenses: Raw materials ($2.00q) 56,000 Wages and salaries ($6,200 + $0.20q) 11,800 Utilities ($1,900 + $0.05q) 3,300 Facility rent ($3,300) 3,300 Insurance ($3,000) 3,000 Miscellaneous ($700 + $0.10q) 3,500 Total expense 80,900 Net operating income $ 31,100 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) 26,000 Revenue ($4.00q) $ 104,000 Expenses: Raw materials ($2.00q) 52,000 Wages and salaries ($6,200 + $0.20q) 11,400 Utilities ($2,100 + $0.05q) 3,400 Facility rent ($3,300) 3,300 Insurance ($2,000) 2,000 Miscellaneous ($600 + $0.10q) 3,200 Total expense 75,300 Net operating income $ 28,700 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 ($3.80q) $ 110,200 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 ($3,000) 3,000 Insurance ($2,400) 2,400 Miscellaneous ($500 + $0.10q) 3,400 Total expense 79,750 Net operating income $ 30,450 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) 27,000 Revenue ($4.00q) $ 108,000 Expenses: Raw materials ($2.30q) 62,100 Wages and salaries ($6,200 + $0.20q) 11,600 Utilities ($1,900 + $0.05q) 3,250 Facility rent ($3,500) 3,500 Insurance ($2,800) 2,800 Miscellaneous ($300 + $0.10q) 3,000 Total expense 86,250 Net operating income $ 21,750 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 (q) 24,000 Revenue ($4.30q) $ 103,200 Expenses: Raw materials ($1.90q) 45,600 Wages and salaries ($6,000 + $0.20q) 10,800 Utilities ($1,900 + $0.05q) 3,100 Facility rent ($3,700) 3,700 Insurance ($2,400) 2,400 Miscellaneous ($500 + $0.10q) 2,900 Total expense 68,500 Net operating income $ 34,700 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) 30,000 Revenue ($4.20q) $ 126,000 Expenses: Raw materials ($1.90q) 57,000 Wages and salaries ($6,100 + $0.20q) 12,100 Utilities ($1,900 + $0.05q) 3,400 Facility rent ($3,500) 3,500 Insurance ($2,500) 2,500 Miscellaneous ($700 + $0.10q) 3,700 Total expense 82,200 Net operating income $ 43,800 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 ($3.80q) $ 79,800 Expenses: Raw materials ($2.20q) 46,200 Wages and salaries ($6,200 + $0.20q) 10,400 Utilities ($2,100 + $0.05q) 3,150 Facility rent ($3,200) 3,200 Insurance ($2,200) 2,200 Miscellaneous ($600 + $0.10q) 2,700 Total expense 67,850 Net operating income $ 11,950 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) 26,000 Revenue ($4.40q) $ 114,400 Expenses: Raw materials ($2.00q) 52,000 Wages and salaries ($6,500 + $0.20q) 11,700 Utilities ($2,000 + $0.05q) 3,300 Facility rent ($3,200) 3,200 Insurance ($2,400) 2,400 Miscellaneous ($300 + $0.10q) 2,900 Total expense 75,500 Net operating income $ 38,900 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) 20,000 Revenue ($4.10q) $ 82,000 Expenses: Raw materials ($2.00q) 40,000 Wages and salaries ($6,300 + $0.20q) 10,300 Utilities ($2,100 + $0.05q) 3,100 Facility rent ($3,300) 3,300 Insurance ($2,300) 2,300 Miscellaneous ($700 + $0.10q) 2,700 Total expense 61,700 Net operating income $ 20,300 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 ($4.30q) $ 90,300 Expenses: Raw materials ($2.10q) 44,100 Wages and salaries ($6,100 + $0.20q) 10,300 Utilities ($2,100 + $0.05q) 3,150 Facility rent ($3,800) 3,800 Insurance ($2,600) 2,600 Miscellaneous ($300 + $0.10q) 2,400 Total expense 66,350 Net operating income $ 23,950 In...