2.00 points Exercise 17-25 Sales Mix and Quantity Variances (LO 17-3) option has a budgeted average price of $26 for a meal. The restaurant manager expects that 40 percent of t's diners will order he butet option The bufet option has a budgeted varlable cost of $17 and the a la carte aption averages $12 per meal in budgeted variable cost. The manager estimates that 2,100 people wil order a mea in any month For July, the restaurant served a total of 1,300 meals, including 640 buftet options Total revenues were $2, 600 for buifer mea's and s$34,020 for he a la cane mea's Required: a. Compute the activity varlance for the restaurant for July. (Do not round intermediate calcuilations Indicste the eftect of each variance by selecting" select either option for favorable, or U for unfavorable. If there is no eftect, do no
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
