**Dinham Kennel Activity and Budget Analysis**Dinham Kennel uses tenant-days as its measure of activity; one tenant-day is counted for each animal housed in the kennel for one day. During March, the kennel budgeted for 3,900 tenant-days but the actual level of activity was 3,920 tenant-days. The kennel provided the following data related to its budgeting formulas and actual results for March:**Data Used in Budgeting:**| Item | Fixed Element per Month | Variable Element per Tenant-Day ||--------------------------|-------------------------|---------------------------------|| **Revenue** | $0 | $34.80 || **Wages and Salaries** | $2,800 | $7.80 || **Food and Supplies** | $1,800 | $14.30 || **Facility Expenses** | $3,300 | $3.30 || **Administrative Expenses** | $6,800 | $0.30 |- **Total Expenses**: Fixed: $19,700 | Variable: $25.70**Actual Results for March:**- **Revenue**: $128,321- **Wages and Salaries**: $28,580- **Food and Supplies**: $58,255- **Facility Expenses**: $20,980- **Administrative Expenses**: $7,098**Analysis:**The spending variance for food and supplies in March needs to be calculated. The options for the closest spending variance are:- $685 F- $399 FThese options represent favorable variances, indicating lower actual spending compared to what was budgeted.

Introduction: Spending variance is the difference between actual cost incurred and cost budgeted 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 3,900 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

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

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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