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 $ 3,000 2,000 8,500 7,000 $20,500 $133,251 $28,600 $ 62,225 $ 22,550 $ 7,100 Variable element per tenant-day $35.00 $ 8.00 14.50 3.50 0.50 $26.50 The overall revenue and spending variance (1.e., the variance for net operating income in the revenue and spending varlance column on the flexible budget performance report) for March would be closest to:
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 $ 3,000 2,000 8,500 7,000 $20,500 $133,251 $28,600 $ 62,225 $ 22,550 $ 7,100 Variable element per tenant-day $35.00 $ 8.00 14.50 3.50 0.50 $26.50 The overall revenue and spending variance (1.e., the variance for net operating income in the revenue and spending varlance column on the flexible budget performance report) for March would be closest to:
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
ff2
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 4,100 tenant-days, but its actual level of activity was 4,130 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
$1,574 F
$1,829 F
$1,574 U
Fixed
element
per month
The overall revenue and spending variance (1.e., the variance for net operating Income in the revenue and spending varlance
column on the flexible budget performance report) for March would be closest to:
$1,829 U
$3,000
2,000
8,500
7,000
$20,500
$133,251
$ 28,600
$ 62,225
$ 22,550
$ 7,100
Variable
element per
tenant-day
$35.00
$ 8.00
14.50
3.50
0.50
$26.50
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