Adamyan Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for May was based on 2,500 meals, but the diner actually served 2,700 meals. The diner's director has provided the following cost data to use in the budget: groceries, $4.15 per meal; kitchen operations, $4,500 per month plus $1.71 per meal; administrative expenses, $3,500 per month plus $0.36 per meal; and fundraising expenses, $1,500 per month. 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 May.

Question

Adamyan Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for May was based on 2,500 meals, but the diner actually served 2,700 meals. The diner's director has provided the following cost data to use in the budget: groceries, $4.15 per meal; kitchen operations, $4,500 per month plus $1.71 per meal; administrative expenses, $3,500 per month plus $0.36 per meal; and fundraising expenses, $1,500 per month. 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 May.

Quizplus · Accepted Answer

The Answer of Adamyan Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for May was based on 2,500 meals, but the diner actually served 2,700 meals. The diner's director has provided the following cost data to use in the budget: groceries, $4.15 per meal; kitchen operations, $4,500 per month plus $1.71 per meal; administrative expenses, $3,500 per month plus $0.36 per meal; and fundraising expenses, $1,500 per month. 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 May.

Adamyan Urban Diner Is a Charity Supported by Donations That