Mable Memorial Diner is a charity supported by donations that provides free meals to the homeless.The diner's budget for April was based on 3,000 meals,but the diner actually served 3,100 meals.The diner's director has provided the following cost formulas to use in budgets:
Required:
Prepare a report showing the activity variances for each of the expenses and for total expenses for April.Label each variance as favorable (F)or unfavorable (U).
Correct Answer:
Verified
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