Paulis Kennel uses tenant-days as its measure ofactivity; an animal housed in the kennel for one day iscounted as one tenant-day. During February, thekennel budgeted for 5,200 tenant-days, but its actuallevel of activity was 5,220 tenant-days. The kennel hasprovided the following data concerning the formulasused in its budgeting and its actual results for February:Data used in budgeting:Fixed element per month$0$ 4,2008008,6007,600$ 21,200RevenueWages and salariesFood and suppliesFacility expensesAdministrative expensesTotal expensesThe static budget variance for net operating income inFebruary would be closest to:$8,464 F$126 F$126 UVariable element per tenant-day$ 31.70$ 7.7012.504.700.50$ 25.40$8,464 U

Company do planning for the sales and expenses each period but the actual level may be some what…

Paulis 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 February, the kennel budgeted for 5,200 tenant-days, but its actual level of activity was 5,220 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for Februar Data used in budgeting:

Paulis 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 February, the kennel budgeted for 5,200 tenant-days, but its actual level of activity was 5,220 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for Februar Data used in budgeting:

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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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 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 Fixed element per month 0 The revenue variance for March would be closest to: $ 3,600 1,100 7,500 7,600 $ 19,800 $ 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 $ 28.30
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Paulis 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 February, the kennel budgeted for 4,600 tenant-days, but its actual level of activity was 4,580 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue $ 0 $ 31.10 Wages and salaries $ 3,600 $ 7.10 Food and supplies 200 11.90 Facility expenses 8,600 4.10 Administrative expenses 8,400 0.50 Total expenses $ 20,800 $ 23.60 Actual results for February: Revenue $ 108,380 Wages and salaries $ 23,560 Food and supplies $ 36,796 Facility expenses $ 19,310 Administrative expenses $ 9,152 The net operating income in the flexible budget for February would be closest to:
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Tri-County Social Service Agency is a not-for-profit organization in the Midwest. Use the following Information to complete the cash budget for the year ending December 31. The Board of Trustees requires that Tri-County maintain a minimum cash balance of $8,000. If cash is short, the agency may borrow from an endowment fund the amount required to maintain the $8,000 minimum. It is anticipated that the year will begin with an $11,000 cash balance. Contract revenue is received evenly during the year. Mental health Income is expected to grow by $5,000 in the second and third quarters; no change is expected in the fourth quarter. Required: 2. Complete the cash budget for each quarter and the year as a whole. 3. Determine the amount that the agency will owe the endowment fund at year-end. Complete this question by entering your answers in the tabs below. Required 2 Required 3 Complete the cash budget for each quarter and the year as a whole. (Cash deficiency and repayments should be…
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Feemster Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 5,950 units, but its actual level of activity was 5,900 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for October: Data used in budgeting: Fixed element per month Variable element per unit Revenue $ 0 $ 30.40 Direct labor $ 0 $ 6.10 Direct materials 0 9.10 Manufacturing overhead 37,500 1.80 Selling and administrative expenses 26,700 1.30 Total expenses $ 64,200 $ 18.30 Actual results for October: Revenue $ 178,595 Direct labor $ 34,010 Direct materials $ 52,300 Manufacturing overhead $ 48,275 Selling and administrative expenses $ 34,170 The activity variance for selling and administrative expenses in October would be closest to:
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