The restaurant at the hotel galaxy offers two choices for breakfast: an all-you-can-eat buffet and an a la carte option, where diners can order from the menu. the buffet option has a budgeted meal price of $48. the a la carte option has a budgeted average price of $37 for a meal. the restaurant manager expects that 40 percent of its diners will order the buffet option. the buffet option has a budgeted variable cost of $28 and the a la carte option averages $23 per meal in budgeted variable cost. the manager estimates that 2,600 people will order a meal in any month. for july, the restaurant served a total of 2,400 meals, including 940 buffet options. total revenues were $46,060 for buffet meals and $56,940 for the a la carte meals. required: a. compute the volume variance (also known as activity variance) for the restaurant for july.

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be:

Taking commercial paper means the holder acts honestly