xevenue (3.5e Expenses: Raw materials ($2.30g) Wages and salaries (56,200+ $0.20g) Utilities ($1,900+ $0.059) Facility rent ($3,600) Insurance ($2,900) Miscellaneous ($400 + 50.100) Total expense Net operating income $160,000 64,400 11,800 3,300 3,600 2,900 3,200 89,200 16 809
xevenue (3.5e Expenses: Raw materials ($2.30g) Wages and salaries (56,200+ $0.20g) Utilities ($1,900+ $0.059) Facility rent ($3,600) Insurance ($2,900) Miscellaneous ($400 + 50.100) Total expense Net operating income $160,000 64,400 11,800 3,300 3,600 2,900 3,200 89,200 16 809
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please do not give solution in image format thanku
![Revenue (34.500/
Expenses:
Raw materials ($2.30g)
Wages and salaries ($6,200+ $0.20g)
Utilities ($1,900+ $0.059)
Facility rent ($3,600)
Insurance ($2,900)
Miscellaneous ($400+ $0.109)
Total expense
Net operating income
Revenue
Expenses:
Flight Café
Activity Variances
For the Month Ended July 31
Raw materials
Wages and salaries
Utilities
Facility rent
Insurance
Required:
1. Calculate the company's activity variances for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
Miscellaneous
$160,000
Total expense
Net operating income
64,400
11,800
3,300
3,600
2,900
3,200
89,200
$36,800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe26c8f8d-7152-4fa4-bb7e-a199e05b3e8e%2Fe2aecc15-f4c8-4fb8-a641-12d8bbf6bfdd%2Fouv2awl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Revenue (34.500/
Expenses:
Raw materials ($2.30g)
Wages and salaries ($6,200+ $0.20g)
Utilities ($1,900+ $0.059)
Facility rent ($3,600)
Insurance ($2,900)
Miscellaneous ($400+ $0.109)
Total expense
Net operating income
Revenue
Expenses:
Flight Café
Activity Variances
For the Month Ended July 31
Raw materials
Wages and salaries
Utilities
Facility rent
Insurance
Required:
1. Calculate the company's activity variances for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
Miscellaneous
$160,000
Total expense
Net operating income
64,400
11,800
3,300
3,600
2,900
3,200
89,200
$36,800
![es
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 (9)
Revenue ($4.50q)
Expenses:
Raw materials ($2.30q)
Wages and salaries ($6,200+ $0.209)
Utilities ($1,900 + $0.05q)
Facility rent ($3,600)
Insurance ($2,900)
Miscellaneous ($400+ $0.10q)
Total expense
Net operating income
Budgeted meals (q)
In July, 28,000 meals were actually served. The company's flexible budget for this level of activity appears below:
Flight Café
Flexible Budget
For the Month Ended July 31
Revenue ($4.50q)
Expenses:
Raw materials ($2.309)
Wages and salaries ($6,200+ $0.209)
Utilities ($1,900 + $0.054)
27,000
$121,500
62,100
11,600
3,250
Facility rent ($3,600)
Insurance ($2,900)
Miscellaneous ($400+ se.10q)
Total expense
Net operating income
3,66
2,900
3,100
86,550
$ 34,950
28,000
$126,000
64,400
11,800
3,300
3,600
2,900
3,200
89,200
$ 36,800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe26c8f8d-7152-4fa4-bb7e-a199e05b3e8e%2Fe2aecc15-f4c8-4fb8-a641-12d8bbf6bfdd%2Fe44gqd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:es
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 (9)
Revenue ($4.50q)
Expenses:
Raw materials ($2.30q)
Wages and salaries ($6,200+ $0.209)
Utilities ($1,900 + $0.05q)
Facility rent ($3,600)
Insurance ($2,900)
Miscellaneous ($400+ $0.10q)
Total expense
Net operating income
Budgeted meals (q)
In July, 28,000 meals were actually served. The company's flexible budget for this level of activity appears below:
Flight Café
Flexible Budget
For the Month Ended July 31
Revenue ($4.50q)
Expenses:
Raw materials ($2.309)
Wages and salaries ($6,200+ $0.209)
Utilities ($1,900 + $0.054)
27,000
$121,500
62,100
11,600
3,250
Facility rent ($3,600)
Insurance ($2,900)
Miscellaneous ($400+ se.10q)
Total expense
Net operating income
3,66
2,900
3,100
86,550
$ 34,950
28,000
$126,000
64,400
11,800
3,300
3,600
2,900
3,200
89,200
$ 36,800
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