Supreme Catering at the End of January, Supreme Catering Prepared

question 28

Multiple Choice

Supreme Catering At the end of January, Supreme Catering prepared the following budget for the upcoming month of February estimating that they would serve 5,000 people:
During February, there were 4,800 guests actually served. Actual costs incurred were $67,200 for variable costs and $8,000 for fixed costs. Each guest was charged $25.
Refer to the Supreme Catering information above. Supreme Catering's flexible budget for February would show net operating income of:

• A) $63,000.
• B) $60,200.
• C) $59,200.
• D) $45,800.

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Definitions:

Robert Livingston

An American lawyer, politician, and diplomat who served as one of the Founding Fathers of the United States, notable for helping to draft the Declaration of Independence.

Benjamin Franklin

Benjamin Franklin was one of the Founding Fathers of the United States, known for his contributions as an inventor, diplomat, writer, and statesman.

British Officials

Individuals holding office or positions of authority in the United Kingdom's government, including politicians, judges, and civil servants.

French and Indian War

A conflict between Britain and France from 1754 to 1763 in North America, part of a larger series of conflicts known as the Seven Years' War.