### Compute the activity variance for the restaurant for july

Assignment Help Cost Accounting
##### Reference no: EM132608443

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 \$37. The a la carte option has a budgeted average price of \$26 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 \$18 and the a la carte option averages \$10 per meal in budgeted variable cost. The manager estimates that 2,400 people will order a meal in any month.

For July, the restaurant served a total of 2,200 meals, including 860 buffet options. Total revenues were \$32,680 for buffet meals and \$38,860 for the a la carte meals.

Required:

Question a. Compute the activity variance for the restaurant for July.

Question b. Compute the mix and quantity variances for July.

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