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 5,200 tenant-days, but its actual level of activity was 5,230 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 The flexible budget variance for March would be closest to: Fixed element per month 0 $ 2,400 1,600 8,000 6,500 $ 18,500 $ 171,323 $ 28,710 $ 82,980 $ 32,258 $ 7,111 Variable element per tenant-day $ 35.70 $9.10 15.60 4.60 0.40 $29.70

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 5,200 tenant-days, but its actual level of activity was 5,230 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 The flexible budget variance for March would be closest to: Fixed element per month 0 $ 2,400 1,600 8,000 6,500 $ 18,500 $ 171,323 $ 28,710 $ 82,980 $ 32,258 $ 7,111 Variable element per tenant-day $ 35.70 $9.10 15.60 4.60 0.40 $29.70

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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