New York Memorial Diner is a charity supported by donations that provides free m

Question

New York Memorial Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for March was based on 2,900 meals, but the diner actually served 3,000 meals. The diner's director has provided the following cost formulas to use in budgets:

According to the flexible budget, total expense for the month of March should be:

Fixed Element per Month Variable Element per meal Groceries $0 $2.40 Kitchen operations $5,600 $1.10 Administrative expenses $3,000 $0.30 Fundraising expenses $1,200 $0

Explanation / Answer

Calculate flexible budget total expense :

so answer is a) $21200

Flexible budget Groceries 3000*2.4 = 7200 Kitchen operations (3000*1.1+5600) = 8900 Administrative expenses (3000*0.30+3000) = 3900 Fundraising expenses 1200 Total expense 21200

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