Burger World is a restaurant with 3 different restaurant loc…

Burger World is a restaurant with 3 different restaurant locations: Atlanta, Boston, and Seattle.  The company allocates common fixed costs equally to each location.  The company’s total operating income during the year 2024 was $218,000.  Information about the restaurant locations from the year 2024 follows: Atlanta Boston Seattle Total Sales $300,000 $500,000 $210,000 Total Variable Costs $210,000 $200,000 $150,000 Traceable Fixed Costs $86,000 $40,000 $64,000 Common Fixed Costs $14,000 $14,000 $14,000 Total Operating Income -$10,000 $246,000 -$18,000 Suppose that the Atlanta restaurant location were eliminated at the beginning of the year 2024.  That is, assume that during the year 2024 the company only had the Boston and Seattle restaurant locations.  What would total operating income have been for the year 2024?

Burger World is a restaurant with 3 different restaurant loc…

Burger World is a restaurant with 3 different restaurant locations: Atlanta, Boston, and Seattle.  The company allocates common fixed costs equally to each location.  The company’s total operating income during the year 2024 was $218,000.  Information about the restaurant locations from the year 2024 follows: Atlanta Boston Seattle Total Sales $300,000 $500,000 $210,000 Total Variable Costs $210,000 $200,000 $150,000 Traceable Fixed Costs $86,000 $40,000 $64,000 Common Fixed Costs $14,000 $14,000 $14,000 Total Operating Income -$10,000 $246,000 -$18,000 Suppose that the Seattle restaurant location were eliminated at the beginning of the year 2024.  That is, assume that during the year 2024 the company only had the Atlanta and Boston restaurant locations.  What would total operating income have been for the year 2024?

In July, a company expected that the cost of direct material…

In July, a company expected that the cost of direct materials would amount to $24 for each unit of its product. Although the company had expected to produce 10,000 units during July, the company actually produced 11,500 units. The actual cost of direct materials per unit amounted to $19. What is the flexible budget (spending) variance for direct materials? Indicate whether the variance is favorable or unfavorable.