Dinnam 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 4,700 tenant-days, but its actual level of activity was 4,780 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 revenue variance for March would be closest to: Fixed element per month 0 $ 144,230 $ 28,660 $ 74,070 $ 27,220 $ 7,106 Variable element per tenant-day $ 35.20 $ 8.60 15.10 4.10 0.50 $ 3,600 1,100 7,500 7,600 $ 19,800 $ 28.30

Dinnam 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 4,700 tenant-days, but its actual level of activity was 4,780 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 revenue variance for March would be closest to: Fixed element per month 0 $ 144,230 $ 28,660 $ 74,070 $ 27,220 $ 7,106 Variable element per tenant-day $ 35.20 $ 8.60 15.10 4.10 0.50 $ 3,600 1,100 7,500 7,600 $ 19,800 $ 28.30

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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