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extrl83 extrl83
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A year ago

Heise Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for July was based on 3,500 meals. The diner's director has provided the following cost data to use in the budget: groceries, $2.35 per meal; kitchen operations, $4,000 per month plus $1.80 per meal; administrative expenses, $2,800 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:

Heise Urban Diner
Statement of Expenses
For the Month Ended July 31
Actual meals3,800
Groceries$ 8,730
Kitchen operations10,830
Administrative expenses5,040
Fundraising expenses1,660
Total expense$ 26,260

Required:

Prepare a report showing the diner's spending variances for each of the expenses and for total expenses for July. Label each variance as favorable (F) or unfavorable (U).

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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boomers1234boomers1234
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