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The required question: Calculage the companys revenue and spending variances for August. ...

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The required question:
Calculage the companys revenue and spending variances for August.
Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company appears below: Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (a) 24,000 $98,400 Revenue ($4.109) Expenses: Raw materials ($2.309) Wages and salaries y$6,400 + $0.209) Utilities ($1,800 + $0.05) Facility rent ($4,000) Insurance ($2,300) Miscellaneous ($900 + $0.109) Total expense Net operating income 55,200 11,200 3,000 4,000 2,300 3,300 79,000 $19,400 In July, 25,000 meals were actually served. The company's flexible budget for this level of activity appear Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals 25,000 $102,500 Revenue ($4.100) Expenses: Raw materials ($2.309) Wages and salaries ($6,400+ $0.209) Utilities ($1,800 + $0.059) Facility rent ($4,000) Insurance ($2,300) Miscellaneous ($900 + $0.109) Total expense Net operating income 57,500 11,400 3,050 4.000 2,300 3.400 81,650 $ 20,850 Required

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