Wragg Urban Diner is a charity supported by donations that provides free meals to the homeless.The diner's budget for July was based on 2, 500 meals, but the diner actually served 2, 400 meals.The diner's director has provided the following cost data to use in the budget: groceries, $3.10 per meal;kitchen operations, $5, 800 per month plus $1.50 per meal;administrative expenses, $3, 600 per month plus $0.60 per meal;and fundraising expenses, $1, 600 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 July.
Correct Answer:
Verified
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