Prepare a report the company activity variance

Assignment Help Financial Accounting
Reference no: EM13331139

Air meal is a company that prepare in flight meal for airline in its kitcken located next to the local airport. the company planning budget for december appear below planning budget for the month ending december 31/ budget meal=20,000 revnue3.80q=76,000 Expeneses raw material2.30q=46;000 wages and salary 6.400 plus 0.25q=11.400 utilies 2.100 plus 0.05q=3.100 facilty rent=3,800 insurance=2,600 miscellaneous 700 plus0.10q=2,700 total expenes=69,600 net operation income= 6,400 / in december 21,00 meal were actual served. the company flexiable budget for this level of activity follow Air meal inc flexable budget for the month ended 12/31 budget meal=21,000 revenue 3.89q=79,800 expeneses raw material 2.30 2.30= 48.300 wages and salaries 6,400 plus 0.25q=11.650 utilies 2,100 plus 0.50q=3.150 facilty rent=3,800 insurance= 2,600 miscellaneous 700 plus 0.10q=2,800 total expenes=72,300 net operation income=7500/

Prepare a report showing the company activity variance for december/ also i need to show which of the activity variance should be corcern to the management

Reference no: EM13331139

Questions Cloud

Explain acidic basic or nearly neutral : Predict whether the following solutions will be acidic basic or nearly neutral a) NH4l b) NaNO2 c) FeCl3 d) NH4F, where NH4+ is Ka=5.6 x 10^10; F is Kb= 1.4 x 10^-11
How much power is dissipated in the coils : A small electric car overcomes a 250 N friction force when traveling 30 km/h. How much power is dissipated in the coils
Implementation of virtual private databases : SQL implements VPD using the VIEW object while Oracle10g provides specific functions for row-level security and fine-grained access.
Explain waxes are esters of long-chain alcohol : Glycerol esterified with three fatty acids is called a sphingolipid d. Waxes are esters of long-chain alcohol and long-chain fatty acid e the short hand notation for fatty acid
Prepare a report the company activity variance : Prepare a report showing the company activity variance for december/ also i need to show which of the activity variance should be corcern to the management
What was the nominal interest rate : To repay a $1000 loan, a man paid $90 at the end of each month for fifteen months. What was the (annual) nominal interest rate? Assume monthly compounding.
How much work did you do on the water : Suppose you stir 1 kg of water until its temperatue raises by 1 degree C. How much work did you do on the water
Evaluate the acid dissociation constant ka : Calculate the acid dissociation constant Ka, for the ammonium ion (NH^4+); Kb for NH3 is 1.8 x 10^-5
What is the effective annual rate : If a credit card company charges 3% each month on the unpaid balance, compounded monthly, what is the effective annual rate?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute janice morgan of federal income tax payable

Janice has interest income of $5,000 on certificates of deposit at Second Bank. Janice makes estimated tax payments of $17,000 for 2011.

  How did these factors affect the net income for fiscal

Consider the overall effect of these two ratios. Did Foot Locker, Inc. improve during fiscal 2007? How did these factors affect the net income for fiscal 2007?

  How much cash must be borrowed to maintain balance

Venetian Company management wants to maintain a minimum monthly cash balance of $20,500. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance?

  Determine the direct materials price variance

Determine the direct materials price variance and the direct materials efficiency variance for the year.

  Enhance company''s financial performance

Show Which alternative would most likely enhance this company's financial performance, overall

  Create a contribution margin format income statement

Create a contribution margin format income statement

  Decision to change the sales mix

Show whether decision to change the sales mix as per question is advisable or not - Would you advise adopting this plan?

  Description of various terms like product cost

Description of various terms like product cost , period costs, direct and indirect costs - the account that is debited when the Work in Process Inventory account is credited.

  What portion of a current and long-term liability in kiley

This deposit will not be returned to Dodd upon expiration of the lease but will be applied to payment of rent for the last two years of the lease. What portion of the $400,000 should be shown as a current and long-term liability in Kiley's Decembe..

  What are required sales if heese company desires net income

Heese Company has fixed costs of $1,500,000 and variable costs are 40% of sales. What are required sales if Heese Company desires net income of $150,000?

  Evaluate the world anti doping agency regulatory

Evaluate the World Anti Doping Agency (WADA) regulatory regime using three ethical principles of the Global Business Standards Codex.

  Comparative financial statement analysis and ratio analysis

Comparative financial statement analysis and ratio Analysis and trend analysis should involve Sales, Operating Expenses, Cost of Goods Sold, and Net Income

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd