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133221 UUIUIT. Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (q)...

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Accounting

133221 UUIUIT. Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.00q) Expenses: Raw materials ($2.20q) Wages and salaries ($6,200 + $0.20q) Utilities ($1,800 + $0.05q) Facility rent ($3,800) Insurance ($2,000) Miscellaneous ($600+ $0.10q) Total expense Net operating income Budgeted meals (q) Revenue ($4.00q) In July, 24,000 meals were actually served. The company's flexible bu Flight Caf Flexible Budget For the Month Ended July 31 Expenses: Raw materials ($2.20q) Wages and salaries ($6,200+ $0.20g) Utilities ($1,800+ $0.05q) 23,000 $ 92,000 Facility rent ($3,800) Insurance ($2,000) Miscellaneous ($600+ $0.10q) Total expense Net operating income 50,600 10,800 2,950 3,800 2,000 2,900 73,050 $ 18,950 24,000 $ 96,000 52,800 11,000 3,000 3,800 2,000 3,000 75,600 $ 20,400 Required: 1. Calculate the company's activity variances for July. (Indicate the effe unfavorable, and "None" for no effect (i.e., zero variance). Input all a

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