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Complete the flexible budget performance report in good form

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Reference no: EM131739960

FLEXIBLE BUDGET QUESTION

Libby's House of Liver is a restaurant that serves specialty liver products, its unique liver creations.

Restaurant Information is as follows for the current month of the current year: All variable items are based on the number of meals served.

Revenue

$22 x meals served

Cost of food

$12 x meals served

Wages/Salaries

$8,000 + $1 x  meals served

Utilities

$400 + $0.80 x meals served

Maintenance

$2,400 +  $1.25 x meals served

Miscellaneous Exp

$700 + $1.50 x meals served

Rent

$3,000

Advertising

$420

The budget was prepared, assuming 3000 meals would be served. In reality, 2750 meals were served.

Required: Complete the Flexible Budget Performance Report in good form. Use whole #s. The report heading needs to be completed, but column headings are provided. Indicate F or U as needed. The report does not have to be completed in Excel.

Attachment:- Assignment.rar

Reference no: EM131739960

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