Dinham Kennel uses tenant-days as Its measure of activity; an anlmal housed in the kennel for one day Is counted as one tenant-day. During March, the kennel budgeted for 4,600 tenant-days, but Itsactual level of activity was 4,670 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 elementVariable elementper monthper tenant-dayRevenue$35.10Wages and salariesFood and suppliesFacility expensesAdministrative expenses$3,5008.501,00015.009,0004.007,5000.40Total expenses$21,000$427.90Actual results for March:Revenue$143,330Wages and salariesFood and suppliesFacility expensesAdministrative expenses$ 28,650$ 71,345$ 27,130$ 7,105The spending varlance for food and supplies In March would be closest to:Multiple Cholce$1,345 F$1,345 U$295 F$295 U

The spending variance refers to the variance in the actual and standard expense calculated by…

Dinham Kennel uses tenant-days as Its measure of activity; an anlmal housed in the kennel for one day Is counted as one tenant-day. During March, the kennel budgeted for 4,600 tenant-days, but Its actual level of activity was 4,670 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 tenant-day $ per month Revenue 35.10 Wages and salaries Food and supplies Facility expenses Administrative expenses 3,500 8.50 1,000 9,000 15.00 4.00 7,500 0.40 Total expenses 21,000 27.90 Actual results for March: $143,330 $ 28,650 $ 71,345 $ 27,130 $ 7,105 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses The spending varlance for food and supplies In March would be closest to: Multiple Cholce $1,345 F $1,345 U $295 F $295 U

Dinham Kennel uses tenant-days as Its measure of activity; an anlmal housed in the kennel for one day Is counted as one tenant-day. During March, the kennel budgeted for 4,600 tenant-days, but Its actual level of activity was 4,670 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 tenant-day $ per month Revenue 35.10 Wages and salaries Food and supplies Facility expenses Administrative expenses 3,500 8.50 1,000 9,000 15.00 4.00 7,500 0.40 Total expenses 21,000 27.90 Actual results for March: $143,330 $ 28,650 $ 71,345 $ 27,130 $ 7,105 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses The spending varlance for food and supplies In March would be closest to: Multiple Cholce $1,345 F $1,345 U $295 F $295 U

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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