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 5,500 tenant-days, but its actual level ofactivity was 5,560 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:FixedVariableelementelement pertenant-day$ 36.00$ 9,40per monthRevenue$ 2,700Wages and salariesFood and supplies1,90015.90Facility expensesAdministrative expenses8,3004.906,8000.30Total expenses$ 19,700$ 30.50Actual results for March:$ 179,235$ 28,740$ 89,785$ 35,875$ 7,114RevenueWages and salariesFood and suppliesFacility expensesAdministrative expensesThe spending variance for facility expenses in March would be closest to:

Solution: Spending variance for Facility expenses = Facility expenses as per flexible budget -…

ctivity was 5,560 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and Data used in budgeting: Fixed Variable element per per month tenant-day O $ 36.00 $ 9.40 element Revenue $ 2,700 Wages and salaries Food and supplies Facility expenses 1,900 15.90 8,300 6,800 $ 19,700 4.90 Administrative expenses 0.30 Total expenses $ 30.50 Actual results for March: $ 179,235 $ 28,740 $ 89,785 $ 35,875 $ 7,114 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses

ctivity was 5,560 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and Data used in budgeting: Fixed Variable element per per month tenant-day O $ 36.00 $ 9.40 element Revenue $ 2,700 Wages and salaries Food and supplies Facility expenses 1,900 15.90 8,300 6,800 $ 19,700 4.90 Administrative expenses 0.30 Total expenses $ 30.50 Actual results for March: $ 179,235 $ 28,740 $ 89,785 $ 35,875 $ 7,114 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses

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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am. 103.
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Answer both the requirements, answer in text form please (without image)
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