9q-6 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 3,200 tenant-days, but its actual level of activity was 3,250 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 budgetingFixed elementVariable elementper monthper tenant-dayRevenue34.10Wages and salariesFood and suppliesFacility expensesAdministrative expenses2,1001,1007,600%247.1013.602.606,1000.20Total expenses16,90023.50Actual results for March$107,351$ 28,510$ 46,025$ 15,500$ 7,091RevenueWages and salariesFood and suppliesFacility expensesAdministrative expensesThe revenue variance for March would be closest toMultiple Choice Food and supplies$ 46,025$ 15,500Facility expensesAdministrative expenses7,091The revenue variance for March would be closest toMultiple Choice$1,769 U$3.474 U$3.474 FS1,769 F

Revenue Variance The revenue variance for an accountiing period is the difference between Flexiible…

out Its actual level of activity was 3,250 tenant-days. The kennel has provided the following data conce used in budgeting Fixed element Variable element per month per tenant-day 34.10 enue es and salaries d and supplies ility expenses inistrative expenses al expenses 2,100 1,100 7.10 13.60 7,600 2.60 0.20 6,100 $ 16,900 23.50

out Its actual level of activity was 3,250 tenant-days. The kennel has provided the following data conce used in budgeting Fixed element Variable element per month per tenant-day 34.10 enue es and salaries d and supplies ility expenses inistrative expenses al expenses 2,100 1,100 7.10 13.60 7,600 2.60 0.20 6,100 $ 16,900 23.50

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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