ordin 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 May, the kennel budgeted for 3,000 tenant-days, but its a tivity was 3,020 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: ata used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for May: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $ 86,322 $ 17,984 $ 32,444 $ 19,554 $ 6,162 The spending variance for food and supplies in May would be closest to: Multiple Choice Fixed element per month $0 $2,000 800 8,500 6,000 $ 17,300 $840 U Variable element per tenant-day $ 27.60 $ 5.20 10.20 3.70 0.10 $ 19.20

ordin 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 May, the kennel budgeted for 3,000 tenant-days, but its a tivity was 3,020 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: ata used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for May: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $ 86,322 $ 17,984 $ 32,444 $ 19,554 $ 6,162 The spending variance for food and supplies in May would be closest to: Multiple Choice Fixed element per month $0 $2,000 800 8,500 6,000 $ 17,300 $840 U Variable element per tenant-day $ 27.60 $ 5.20 10.20 3.70 0.10 $ 19.20

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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2-55:56 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
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