Adamyan Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for May ww based on 2,800 meals, but the diner actually served 3,000 meals. The diner's director has provided the following cost date to use the budget groceries, $4.30 per meal; kitchen operations, $4,800 per month plus $1.74 per mest administrative expenses $3.300 per month plus $0.39 per meal, and fundraising expenses, $1,800 per month. The director has also provided the diner's state actual expenses for the month: Adamyan Urban Diner Statement of Expenses For the Month Ended May 31 Actual meals Groceries Kitchen operations Administrative expenses Fundraising expenses Total expense 3,000 $ 12,850 10,000 4,790 1,800 $ 29,440 Required: Prepare a report showing the activity variances for each of the expenses and for total expenses for May Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1e, zero wariance). Input all amounts as positive values.

Adamyan Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for May ww based on 2,800 meals, but the diner actually served 3,000 meals. The diner's director has provided the following cost date to use the budget groceries, $4.30 per meal; kitchen operations, $4,800 per month plus $1.74 per mest administrative expenses $3.300 per month plus $0.39 per meal, and fundraising expenses, $1,800 per month. The director has also provided the diner's state actual expenses for the month: Adamyan Urban Diner Statement of Expenses For the Month Ended May 31 Actual meals Groceries Kitchen operations Administrative expenses Fundraising expenses Total expense 3,000 $ 12,850 10,000 4,790 1,800 $ 29,440 Required: Prepare a report showing the activity variances for each of the expenses and for total expenses for May Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1e, zero wariance). Input all amounts as positive values.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 19E: Tiger Drug Store carries a variety of health and beauty aids, including 500-count bottles of...

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