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Enabled: Test 3 ACCT 701 Saved Expenses: Raw materials ($2.009) 58,000 Wages and salaries ($6,200+ $0.20q) 12,000 Utilities ($1,800 + $0.059) 3,250 Facility rent ($3,900) 3,900 Insurance ($2,600) 2,600 Miscellaneous ($900 + $0.109) 3,800 Total expense 83,550 Net operating income $ 35,350 Required: 1. Calculate the company's activity variances for July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, a variance). Input all amounts as positive values. Revenue Expenses: Raw materials Wages and salaries Utilities Flight Café Activity Variances For the Month Ended July 31 Prou

Enabled: Test 3 ACCT 701 Saved Expenses: Raw materials ($2.009) 58,000 Wages and salaries ($6,200+ $0.20q) 12,000 Utilities ($1,800 + $0.059) 3,250 Facility rent ($3,900) 3,900 Insurance ($2,600) 2,600 Miscellaneous ($900 + $0.109) 3,800 Total expense 83,550 Net operating income $ 35,350 Required: 1. Calculate the company's activity variances for July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, a variance). Input all amounts as positive values. Revenue Expenses: Raw materials Wages and salaries Utilities Flight Café Activity Variances For the Month Ended July 31 Prou

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Enabled: Test 3 ACCT 701 Saved Expenses: Raw materials ($2.009) 58,000 Wages and salaries ($6,200+ $0.20q) 12,000 Utilities ($1,800 + $0.059) 3,250 Facility rent ($3,900) 3,900 Insurance ($2,600) 2,600 Miscellaneous ($900 + $0.109) 3,800 Total expense 83,550 Net operating income $ 35,350 Required: 1. Calculate the company's activity variances for July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, a variance). Input all amounts as positive values. Revenue Expenses: Raw materials Wages and salaries Utilities Flight Café Activity Variances For the Month Ended July 31 Prou
Transcribed Image Text:Enabled: Test 3 ACCT 701 Saved Expenses: Raw materials ($2.009) 58,000 Wages and salaries ($6,200+ $0.20q) 12,000 Utilities ($1,800 + $0.059) 3,250 Facility rent ($3,900) 3,900 Insurance ($2,600) 2,600 Miscellaneous ($900 + $0.109) 3,800 Total expense 83,550 Net operating income $ 35,350 Required: 1. Calculate the company's activity variances for July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, a variance). Input all amounts as positive values. Revenue Expenses: Raw materials Wages and salaries Utilities Flight Café Activity Variances For the Month Ended July 31 Prou
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