Hot Dog Place prepares and sells hot dogs in a business district. The budget for...
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Accounting
Hot Dog Place prepares and sells hot dogs in a business district. The budget for the current month assumes that 10,000 meals are served. Budget information for the month Average selling price per hot dog meal (drink included) $5.00 Hot Dog meal selling prices range from $4 to $6 each. Food costs average $2 per meal. $2.00 Other variable costs are $1 per meal. $1.00 Rent is fixed at $4,000 per month. $4,000 Other fixed costs are $1,000 per month $1,000 Actual results for the month Actual sales for the month: 12,000 meals. 12,000 Total sales dollars for the month $59,000 What is the activity variance for revenue for the month? $10.000 (F) $1.000 (F) $10.000 (U) $1.000 (U)
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