Loomer Catering Uses Two Measures of Activity, Jobs and Meals

question 295

Multiple Choice

Loomer Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $550 per month plus $95 per job plus $21 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in July to be 12 jobs and 136 meals, but the actual activity was 13 jobs and 137 meals. The actual cost for catering supplies in July was $4,770. The catering supplies in the planning budget for July would be closest to:

• A)$4,403
• B)$4,770
• C)$4,662
• D)$4,546

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Definitions:

Non-Being

A philosophical concept referring to the absence or negation of being or existence.

Death Instinct

In psychoanalytic theory, an underlying drive towards death, self-destruction, or the return to an inorganic state, as opposed by the life instincts.

Awareness of Ultimate Concerns

The conscious recognition of one's deep and fundamental worries or existential questions, which can affect one's psychological well-being.

Logotherapist

A therapist who practices logotherapy, a form of psychotherapy founded by Viktor Frankl that emphasizes finding meaning in life's experiences, particularly through suffering.