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 3,900 tenant-days, but its actual level of activity was 3,920 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: Multiple Choice O $685 F Fixed element. per month $399 F $0 $ 2,800 1,800 8,300 6,800 $19,700 $ 128,321 $28,580 $ 58,255 $ 20,980 $7,098 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses The spending variance for food and supplies in March would be closest to: Variable: element per tenant-day $34.80 $7.80 14.30 3.30 0.30 $25.70
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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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 3,900 tenant-days, but its actual level of
activity was 3,920 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
Multiple Choice
$685 F
Fixed element
per month
$399 F
$0
$ 2,800
1,800
8,300
6,800
$ 19,700
The spending variance for food and supplies in March would be closest to:
$ 128,321
$ 28,580
$58,255
$ 20,980
$7,098
Variable
element per
tenant-day
$34.80
$ 7.80
14.30
3.30
0.30
$25.70](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F01a70753-eb38-4a55-ae4d-1b169ffaa92b%2F7e077f80-9ecd-410e-a99d-3d5529310870%2Ft8lzh1_processed.jpeg&w=3840&q=75)
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