Shiigi Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for May is to be based on 3,300 meals. The diner's director has provided the following cost data to use in the budget: groceries, $3.80 per meal; kitchen operations, $4,600 per month plus $1.25 per meal; administrative expenses, $3,800 per month plus $0.40 per meal; and fundraising expenses, $1,700 per month.Required:Prepare the diner's budget for the month of May. The budget will only contain the costs listed above; no revenues will be on the budget.

What will be an ideal response?



?Shiigi Urban Diner
Planning Budget
For the Month Ended May 31
??
??
?Budgeted meals (q)3,300
???
?Groceries ($3.80q)$12,540
?Kitchen operations ($4,600 + $1.25q)8,725
?Administrative expenses ($3,800 + $0.40q)5,120
?Fundraising expenses ($1,700)1,700
?Total expense$28,085

Business

You might also like to view...

A(n) ____________________ is a fiscal year that starts and ends at the time the stock of goods is normally at its lowest level

Fill in the blank(s) with correct word

Business

All of the following would appear on the statement of stockholders' equity except

a. declaration of cash dividends. b. an issuance of common stock. c. net income. d. declaration of a stock split.

Business

Which of the following businesses will be positively impacted by a weak dollar?

A) retailing B) imports C) exports D) personal services

Business

Tax credits amount to the same savings as tax deductions

Indicate whether the statement is true or false.

Business