PROBLEM (10 points) - Viel Urban Diner is a charity supported by donations that

Question

PROBLEM (10 points) - Viel Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for April was based on 3,100 meals, but the diner actually served 3,300 meals. The diner's director has provided the following cost data to use in the budget: groceries, $3.95 per meal; kitchen operations, $5,200 per month plus $1.40 per meal; administrative expenses, $3,300 per month plus $0.80 per meal; and fundraising expenses, $1,800 per month. Required: Prepare the diner's flexible budget for the actual number of meals served in April. The budget will only contain the costs listed above; no revenues will be on the budget

Explanation / Answer

Flexible Budget: Particulars Amount Groceries 3.95*3300 13035 Kitchen Operations 5200+(1.4*3300) 9820 Administrative Expenses 3300+(0.8*3300) 5940 Fund raising Expenses 1800 30595

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