Mansour Memorial Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for February was based on 3,000 meals, but the diner actually served 3,400 meals. The diner's director has provided the following cost formulas to use in budgets: Fixed element per month Variable element per mealGroceries$0 $2.20 Kitchen operations$4,100 $1.90 Administrative expenses$3,600 $0.60 Fundraising expenses$1,100 $0.00 Required:Prepare the diner's flexible budget for the actual number of meals served in February. The budget will only contain the costs listed above; no revenues will be on the budget.
What will be an ideal response?
| Mansour Memorial Diner | ||
| Flexible Budget | ||
| For the Month Ended February 28 | ||
| Actual meals (q) | 3,400 | |
| Groceries ($2.20q) | $ | 7,480 |
| Kitchen operations ($4,100 + $1.90q) | 10,560 | |
| Administrative expenses ($3,600 + $0.60q) | 5,640 | |
| Fundraising expenses ($1,100) | 1,100 | |
| Total expense | $ | 24,780 |
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