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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
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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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 budgeting Fixed element Variable element per month per tenant-day Revenue 34.10 Wages and salaries Food and supplies Facility expenses Administrative expenses 2,100 1,100 7,600 %24 7.10 13.60 2.60 6,100 0.20 Total expenses 16,900 23.50 Actual results for March $107,351 $ 28,510 $ 46,025 $ 15,500 $ 7,091 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses The revenue variance for March would be closest to Multiple Choice
Transcribed Image Text: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 budgeting Fixed element Variable element per month per tenant-day Revenue 34.10 Wages and salaries Food and supplies Facility expenses Administrative expenses 2,100 1,100 7,600 %24 7.10 13.60 2.60 6,100 0.20 Total expenses 16,900 23.50 Actual results for March $107,351 $ 28,510 $ 46,025 $ 15,500 $ 7,091 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses The revenue variance for March would be closest to Multiple Choice
Food and supplies $ 46,025 $ 15,500 Facility expenses Administrative expenses 7,091 The revenue variance for March would be closest to Multiple Choice $1,769 U $3.474 U $3.474 F S1,769 F
Transcribed Image Text:Food and supplies $ 46,025 $ 15,500 Facility expenses Administrative expenses 7,091 The revenue variance for March would be closest to Multiple Choice $1,769 U $3.474 U $3.474 F S1,769 F
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