Lueders Memorial Diner is a charity supported by donations that provides free meals to the homeless.The diner's budget for April was based on 3, 800 meals.The diner's director has provided the following cost formulas to use in budgets: The director has also provided the diner's statement of actual expenses for the month: Required:
Prepare a flexible budget performance report showing both the activity variances and the spending variances for each of the expenses and for total expenses for April.Label each variance as favorable (F)or unfavorable (U).

Question

Lueders Memorial Diner is a charity supported by donations that provides free meals to the homeless.The diner's budget for April was based on 3, 800 meals.The diner's director has provided the following cost formulas to use in budgets:  The director has also provided the diner's statement of actual expenses for the month:  Required:
Prepare a flexible budget performance report showing both the activity variances and the spending variances for each of the expenses and for total expenses for April.Label each variance as favorable (F)or unfavorable (U).

Quizplus · Accepted Answer

The Answer of Lueders Memorial Diner is a charity supported by donations that provides free meals to the homeless.The diner's budget for April was based on 3, 800 meals.The diner's director has provided the following cost formulas to use in budgets:  The director has also provided the diner's statement of actual expenses for the month:  Required:
Prepare a flexible budget performance report showing both the activity variances and the spending variances for each of the expenses and for total expenses for April.Label each variance as favorable (F)or unfavorable (U).

Lueders Memorial Diner Is a Charity Supported by Donations That