None #3SavedHelpSavPaulis Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During February, the kennel budgeted for 5,400 tenant-days, but its actual level of activity was 5,420 tenant-days.The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February:Data used in budgeting:RevenueWages and salariesFood and suppliesFacility expensesAdministrative expensesTotal expensesActual results for FebruaryRevenueFixed elementper month$ 0Variableelement pertenant-day$ 31.90$ 7.9012.70$ 4,4005008,8004.907,8000.20$ 21,500$ 25.70$ 109,180Wages and salariesFood and suppliesFacility expensesAdministrative expenses$ 23,640$ 36,804$19,390$ 9,168The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for February would be closest to:Multiple Choice$8,198 F$8,074 U$8,074 F$8,198 U

Calculate the revenue variance:Actual Revenue = $21,500Budgeted Revenue = $21.5 per tenant-day *…

Answered: #3 Saved Help Sav Paulis Kennel uses…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question: Smithi Kennel uses tenant days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant day. During February, the kennel budgeted for 3,610 tenant days, but its actual level of activity was 3,600 tenant days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February:Data used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Fixed element per month Variable element per tenant day $ 33.30 $2,125 $6.20 Administrative Total expenses Actual results for February: Revenue $ 1,18,985 Wages and salaries $ 24,013 Food and supplies $ 43,150 Facility expenses $ 33,481 Administrative expenses $ 13,295 $ 1,190 $9,250 $11.30 $ 6.90 $ 7,990 $ 20,555 $ 1.50 $25.90 The spending variance for food and supplies in February would be closest to: A. $1,280 F B. $1,280 U C. $1,204 F D. $895 U The sum of the variable overhead spending variance, the variable overhead…
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Gordin Kennel uses tenant-days as its measure of activity, an animal housed in the kennel for one day is counted as one tenant-day. During May, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 3,020 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for May: Multiple Choice Revenue $ 86,322 Wages and salaries $ 17,984 Food and supplies $ 32,444 Facility expenses $ 19,554 Administrative expenses $ 6,162 The spending variance for food and supplies in May would be closest to: O $840 U O Fixed element per month $0 $ 2,000 $840 F 800 8,500 6,000 $ 17,300 Variable element per tenant-day $ 27.60 $ 5.20 10.20 3.70 0.10 $19.20
Virgen Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During May, the kennel budgeted for 3,700 tenant-days, but its actual level of activity was 3,690 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for May: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Fixed Element Variable element per per Month $ 2,500 1,300 8,600 6,800 $ 19,200 $ 92,626 $ 23,919 $ 37,833 $ 18,594 $ 8,386 tenant-day $26.40 $6.10 The wages and salaries in the planning budget for May would be closest to: 9.70 2.60 0.40 $18.80
Help Sa Paulis Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During February, the kennel budgeted for 4.600 tenant-days, but it actual level of activity was 4,580 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February Data used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for February: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Fixed element per Variable element month $ 0 per tenant-day $ 31.10 $ 3,600 200 $ 7.10 11.90 4.10 0.50 8,600 8,400 $ 20,800 $ 23.60 $ 108,380 $ 23,560 $ 36,796 $ 19,310 $ 9,152 The overall revenue and spending variance (ie., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for February would be…
Rhed Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During December, the kennel budgeted for 4,500 tenant-days, but its actual level of activity was 4,550 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for December: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Fixed element per month $0 $ 3,900 2,250 9,900 7,900 $ 23,950 $ 159,355 $ 46,485 $ 66,835 $ 37,535 $9,865 Variable element per tenant-day $ 35.60 $9.40 14.60 6.10 0.70 $ 30.80 The activity variance for administrative expenses in December would be closest to:
Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 3,600 tenant-days, but its actual level of activity was 3,630 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: 01:08:33 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March: Variable Fixed element per month $ 0 element per tenant-day $34.50 $ 2,500 $ 7.50 1,500 14.00 8,000 3.00 6,500 0.60 $ 18,500 $ 25.10 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $ 121,234 $ 28,550 $ 53,125 $ 18,250 $ 7,095 The spending variance for food and supplies in March would be closest to: Multiple Choice k
Paulis Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During February, the kennel budgeted for 5,200 tenant-days, but its actual level of activity was 5,220 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: 20 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for February: Revenue Wages and salaries Fixed element per month $ 0 Variable element per tenant-day $ 31.70 $ 4,200 $ 7.70 800 12.50 8,500 4.70 7,600 0.50 $ 21,200 $ 25.40 $ 108,980 Food and supplies Facility expenses Administrative expenses $ 23,620 $ 36,802 $ 19,370 $ 9,164 The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for February would be closest…
Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 3,600 tenant-days, but its actual level of activity was 3,630 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses h Multiple Choice $805 F Fixed element per month A $ 0 $ 2,500 1,500 8,000 6,500 $ 18,500 The spending variance for food and supplies in March would be closest to: $ 121,234 $ 28,550 $ 53,125 $ 18,250 $ 7,095 Variable element per tenant-day $ 34.50 $ 7.50 14.00 3.00 0.60 $ 25.10 1 1 € O :
Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 4,700 tenant-days, but its actual level of activity was 4,780 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Fixed element per month 0 The revenue variance for March would be closest to: $ 3,600 1,100 7,500 7,600 $ 19,800 $ 144,230 $ 28,660 $ 74,070 $ 27,220 $ 7,106 Variable element per tenant-day $ 35.20 $ 8.60 15.10 4.10 0.50 $ 28.30
Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 5,200 tenant-days, but its actual level of activity was 5,230 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: Revenue Wages and salaries. Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March: Fixed Variable element element per per month tenant-day $35.70 0 $9.10 $ 2,400 1,600 8,000 6,500 $ 18,500 Revenue $ 171,323 Wages and salaries. Food and supplies $ 28,710 $ 82,980 $32,258 $ 7,111 Facility expenses Administrative expenses The flexible budget variance for March would be closest to: 15.60 4.60 0.40 $29.70

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