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Take me to the text Using the following information, calculate the static budget, flexible budget and sales-volume variances: Actual Budget Total Revenue Total Food Cost Total Variable Labor Total Fixed Costs Guests Served $798,000 $996,800 $89,000 $108,000 $50,000 $68,000 $180,000 $180,000 202,000 guests 216,000 guests Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Enter all variances as positive values. Actual Operating Income: $ 479000 Budgeted Operating Income: $ 640800 Budgeted CM per guest: S Flexible Budget Operating Income: $ Static-budget Variance: $ 161800 Flexible Budget Variance: $ Sales-volume Variance: $ Unfavourable Unfavourable Unfavourable

Take me to the text Using the following information, calculate the static budget, flexible budget and sales-volume variances: Actual Budget Total Revenue Total Food Cost Total Variable Labor Total Fixed Costs Guests Served $798,000 $996,800 $89,000 $108,000 $50,000 $68,000 $180,000 $180,000 202,000 guests 216,000 guests Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Enter all variances as positive values. Actual Operating Income: $ 479000 Budgeted Operating Income: $ 640800 Budgeted CM per guest: S Flexible Budget Operating Income: $ Static-budget Variance: $ 161800 Flexible Budget Variance: $ Sales-volume Variance: $ Unfavourable Unfavourable Unfavourable

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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Take me to the text Using the following information, calculate the static budget, flexible budget and sales-volume variances: Actual Budget Total Revenue Total Food Cost Total Variable Labor Total Fixed Costs Guests Served $798,000 $996,800 $89,000 $108,000 $50,000 $68,000 $180,000 $180,000 202,000 guests 216,000 guests Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Enter all variances as positive values. Actual Operating Income: $ 479000 Budgeted Operating Income: $ 640800 Budgeted CM per guest: $ Flexible Budget Operating Income: $ Static-budget Variance: $ 161800 Flexible Budget Variance: $ Sales-volume Variance: $ Unfavourable Unfavourable Unfavourable
Transcribed Image Text:Take me to the text Using the following information, calculate the static budget, flexible budget and sales-volume variances: Actual Budget Total Revenue Total Food Cost Total Variable Labor Total Fixed Costs Guests Served $798,000 $996,800 $89,000 $108,000 $50,000 $68,000 $180,000 $180,000 202,000 guests 216,000 guests Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Enter all variances as positive values. Actual Operating Income: $ 479000 Budgeted Operating Income: $ 640800 Budgeted CM per guest: $ Flexible Budget Operating Income: $ Static-budget Variance: $ 161800 Flexible Budget Variance: $ Sales-volume Variance: $ Unfavourable Unfavourable Unfavourable
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