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Flight Café is a company that prepares in-flight meals for airlines in its kitchen located next to the local airport The company’s planning budget for July appears below Flight Café Planning Budget

  1. Flight Café is a company that prepares in-flight meals for airlines in its kitchen located next to the local airport. The company’s planning budget for July appears below:

 

Flight Café
Planning Budget
For the Month Ended July 31
Budgeted meals (q)   18,000
Revenue ($4.50q) $ 81,000
 

Expenses:    
Raw materials ($2.40q)   43,200
Wages and salaries ($5,200 + $0.30q)   10,600
Utilities ($2,400 + $0.05q)   3,300
Facility rent ($4,300)   4,300
Insurance ($2,300)   2,300
Miscellaneous ($680 + $0.10q)   2,480
 

Total expense   66,180
 

Net operating income $ 14,820
 




Jun 26 2020 View more View Less

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