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) 27,000 revenue ($4.00q) $ 108,000 expenses: raw materials ($1.90q) 51,300 wages and salaries ($6,400 + $0.20q) 11,800 utilities ($2,100 + $0.05q) 3,450 facility rent ($3,100) 3,100 insurance ($2,300) 2,300 miscellaneous ($500 + $0.10q) 3,200 total expense 75,150 net operating income $ 32,850 in july, 28,000 meals were actually served. the company’s flexible budget for this level of activity appears below: flight café flexible budget for the month ended july 31 budgeted meals (q) 28,000 revenue ($4.00q) $ 112,000 expenses: raw materials ($1.90q) 53,200 wages and salaries ($6,400 + $0.20q) 12,000 utilities ($2,100 + $0.05q) 3,500 facility rent ($3,100) 3,100 insurance ($2,300) 2,300 miscellaneous ($500 + $0.10q) 3,300 total expense 77,400 net operating income $ 34,600 required: 1. compute the company’s activity variances for july.

Which of the following best describes the purpose of raising and lowering the required reserve ratio? a. to make sure that government spending does not result in either a surplus or deficit. b. to stimulate economic growth by making it less expensive for producers to get loans. c. to manage the economy by increasing or decreasing the amount of loans being made. d. to regulate the activity of private banks to assure an equitable distribution of wealth. 2b2t

Gino's restaurant is a popular restaurant in boston, massachusetts. the owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. the intern, in consultation with the owner, identified the following major activities: activity cost pool activity measure serving a party of diners number of parties served serving a diner number of diners served serving drinks number of drinks ordered some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. other costs, such as washing plates and glasses, depends on the number of diners served or the number of drinks served. data concerning these activities are shown below. serving a party serving a dinner serving drinks total total cost $47,600 $153,000 $59,800 $260,400 total activity 7,000 parties 30,000 diners 46,000 drinks prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. she knew that the total cost for the month was $260,400 and that 30,000 diners had been served. therefore, the average cost per diner was $8.68.required: 1. compute the activity rates for each of the three activities 2. according to the activity-based costing system, what is the total cost of serving each of the following parties of diners? a. a party of four diners who ordered three drinks in total b. a party of two diners who do not order any drinks c. a lone diner who orders two drinks 3. convert the total costs you computed in part (1) above to costs per diner. in other words, what is the average cost per diner for serving each of the following parties: a. a party of four diners who order three drinks in total b. a party of two diner who do not order any drinks c. a lone diner who orders two drinks 4. why do the costs per diner for the three different parties differ from each other and from the overall average coast of $9.80 per diner?

Assume a competitive firm faces a market price of $60, a cost curve of c = 0.003q^3 + 25q + 750, and a marginal cost of curve of: mc = 0.009q^2 + 25.the firm's profit maximizing output level (to the nearest tenth) is , and the profit (to the nearest penny) at this output level is $ will cause the market supply to (shift right/shift left). this will continue until the price is equal to the minimum average cost of $