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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 4,500 tenant- days, but its actual level of activity was 4,560 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 Fixed element Variable element per month per tenant-day 35.00 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses 3,400 8.40 %24 2,400 14.90 8,900 7,400 3.90 0.30 Total expenses 22,100 27.50 Actual results for March $142,130 $ 28,640 $ 71,025 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses 2426,125 $ 7,104 The spending variance for facility expenses in March 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 4,500 tenant- days, but its actual level of activity was 4,560 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 Fixed element Variable element per month per tenant-day 35.00 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses 3,400 8.40 %24 2,400 14.90 8,900 7,400 3.90 0.30 Total expenses 22,100 27.50 Actual results for March $142,130 $ 28,640 $ 71,025 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses 2426,125 $ 7,104 The spending variance for facility expenses in March would be closest to:

FINANCIAL ACCOUNTING
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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9q-7
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 4,500 tenant- days, but its actual level of activity was 4,560 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 Fixed element Variable element per month per tenant-day Revenue 35.00 Wages and salaries Food and supplies Facility expenses Administrative expenses %24 3,400 24 8.40 2,400 14.90 8,900 3.90 7,400 0.30 Total expenses 22,100 27.50 Actual results for March $142,130 $ 28,640 $ 71,025 $ 26,125 $ 7,104 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses The spending variance for facility expenses in March would be closest to
Transcribed Image Text: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 4,500 tenant- days, but its actual level of activity was 4,560 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 Fixed element Variable element per month per tenant-day Revenue 35.00 Wages and salaries Food and supplies Facility expenses Administrative expenses %24 3,400 24 8.40 2,400 14.90 8,900 3.90 7,400 0.30 Total expenses 22,100 27.50 Actual results for March $142,130 $ 28,640 $ 71,025 $ 26,125 $ 7,104 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses The spending variance for facility expenses in March would be closest to
Facility expenses $ 26,125 $ 7,104 Administrative expenses The spending variance for facility expenses in March would be closest to: Multiple Choice $559 F $325 U $559 U $325 F
Transcribed Image Text:Facility expenses $ 26,125 $ 7,104 Administrative expenses The spending variance for facility expenses in March would be closest to: Multiple Choice $559 F $325 U $559 U $325 F
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