Uses two measures of activity

Assignment Help Financial Accounting
Reference no: EM131213260

Stuchlik Catering uses two measures of activity, jobs and meals, in the cost formulas in its flexible budgets. The cost formula for catering supplies is $540 per month plus $66 per job plus $14 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in January to be 31 jobs and 200 meals, but the actual activity was 33 jobs and 204 meals. The actual cost for catering supplies in January was $5,600. The catering supplies in the planning budget for January would be closest to:

a. $5,600

b. $5,518

c. $5,386

d. $5,574

Reference no: EM131213260

Questions Cloud

Calculate the characteristic impedance of the transformer : Calculate the standing wave ratios on the sections of line between the transformer and antenna and between transformer and generator.
Person purchases of movie downloads : An individuals income rises from 96,000 per year to 102,000 per year and as a consequence the person's purchases of movie downloads rise from 3 per month to 5 per month this individuals income elasticity of demand is nothing.
Cash flows from operating and investing activities : Distinguish between cash flows from operating activities and cash flows from investing activities and compare the statement of cash flows with income statement, using terms of net income and cash at end of the year.
Use the appropriate table to determine the discount factor : Julie has just retired. Her company’s retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $157,000 immediately as her full retirement benefit. Calculate the prese..
Uses two measures of activity : Stuchlik Catering uses two measures of activity, jobs and meals, in the cost formulas in its flexible budgets. The cost formula for catering supplies is $540 per month plus $66 per job plus $14 per meal. A typical job involves serving a number of mea..
Future price fall on the demand of a commodity : Describe the effect of consumer expectation of a future price fall on the demand of a commodity.
Estimate the cost of equity for harvey norman : HI5002 Finance for Business Group Assignment. To estimate the cost of equity for Harvey Norman, go to http://au.finance.yahoo.com plus the business section of www.smh.com.au and enter the ASX code for Harvey Norman, HVN
Find a shorted parallel stub placed to the left of points : Application: Single stub matching. A transmission line is loaded as in Figure 15.34. If the wavelength on the line equals 5 m, find a shorted parallel stub (location and length of stub) placed to the left of points A-A to match the load to the lin..
How do site given information correctly : How do site given information correctly?- The information is from a statistical table.-- Add a citation to the article.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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