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 5,400 tenant-days, but its actual level of activity was 5,450 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 $ 2,600 1,800 8,200 6,700 $19,300 $172,325 $ 28,730 $ 87,530 $ 34,975 $ 7,113 The revenue variance for March would be closest to Variable element per tenant-day $35.90 $ 9.30 15.80 4.80 0.60 $30.50

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 5,400 tenant-days, but its actual level of activity was 5,450 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 $ 2,600 1,800 8,200 6,700 $19,300 $172,325 $ 28,730 $ 87,530 $ 34,975 $ 7,113 The revenue variance for March would be closest to Variable element per tenant-day $35.90 $ 9.30 15.80 4.80 0.60 $30.50

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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