Dukette Memorial Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for August was based on 2,600 meals, but the diner actually served 2,200 meals. The diner's director has provided the following cost formulas to use in budgets:
The director has also provided the diner's statement of actual expenses for the month:
Required:Prepare a report showing the activity variances for each of the expenses and for total expenses for August. Label each variance as favorable (F) or unfavorable (U).

Question

Dukette Memorial Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for August was based on 2,600 meals, but the diner actually served 2,200 meals. The diner's director has provided the following cost formulas to use in budgets:

The director has also provided the diner's statement of actual expenses for the month:

Required:Prepare a report showing the activity variances for each of the expenses and for total expenses for August. Label each variance as favorable (F) or unfavorable (U).

Zachary Derek · Accepted Answer

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