ACCT232 Q8-1 Name Pts. Graded by Seekell Memorial Diner is a charity supported by donations...
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ACCT232 Q8-1 Name Pts. Graded by Seekell Memorial Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for October was based on 2,500 meals, but the diner actually served 2,800 meals. The diner's director has provided the following cost formulas to use in budgets Fixed element per month Variable element per meal $0 Groceries Kitchen operations Administrative expenses $3,200 Fundraising expenses $1,300 $3.90 $1.50 S0.85 $0.00 $4,300 Required: Prepare the diner's flexible budget for the actual number of meals served in October. The budget will only contain the costs listed above; no revenues will be on the budget. Seekell Memorial Diner Flexible Budget For the Month Ended October 31 Groceries Kitchen operations Administrative expenses Fundraising expenses Total expense
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