Rhed kennel uses Rhed Kennel uses tenant days as its measure of activity; an animal housed in the kennel for one dayis counted as one tenant day. During December, the kennel budgeted for 4,550 tenant days, but itsactual level of activity was 4,500 tenant days. The kennel has provided the following data concerningthe formulas used in its budgeting and its actual results for December:Data used in budgeting:Fixed element per month Variable element per tenant-dayRevenue$35.60Wages and salaries$3,900$9.40Food and supplies$2,250$14.60Facility expenses$9,900$6.10Administrative expenses $7,900$0.70Total expenses$23,950$30.80Actual results for December:Revenue$159,355Wages and salaries$46,485Food and supplies$66,835Facility expenses$37,535Administrative expenses $9,865The activity variance for administrative expenses in December would be:a. $35 Ub. $1,220 Uc. $35 Fd. $1,220 F

Step 1: Define Administrative ExpensesAdministrative expenses are recorded when the company's costs…

Answered: Rhed Kennel uses tenant days as its…

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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Gandrud 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 June, the kennel budgeted for 2,660 tenant-days, but its actual level of activity was 2,640 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: Fixed element per month Variable element per tenant-day Revenue − $ 38.30 Wages and salaries $ 3,455 $ 7.60 Food and supplies 1,650 14.60 Facility expenses 11,800 2.90 Administrative expenses 10,250 0.60 Total expenses $ 27,155 $ 25.70 The food and supplies in the flexible budget for June would be closest to: $39,867 $40,443 $40,486 $40,194
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 5,500 tenant-days, but its actual level of activity was 5,560 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 Variable element element per tenant-day $ 36.00 $ 9,40 per month Revenue $ 2,700 Wages and salaries Food and supplies 1,900 15.90 Facility expenses Administrative expenses 8,300 4.90 6,800 0.30 Total expenses $ 19,700 $ 30.50 Actual results for March: $ 179,235 $ 28,740 $ 89,785 $ 35,875 $ 7,114 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses The spending variance for facility expenses in March would be closest to:
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 5500 tenant-days, but its actual level of activity was 5560 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 tenant-day $ 36.00 per month Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses 2$ 2700 9.40 1900 15.90 8300 4.90 6800 0.30 Total expenses 2$ 19,700 $ 30.50 Actual results for March: Revenue $ 179,235 Wages and salaries Food and supplies Facility expenses Administrative expenses $4 28,740 89,785 24 $ 35,875 $ 7114 The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for March would be closest to: Select one: O A.…
Rhed 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 December, the kennel budgeted for 4,500 tenant-days, but its actual level of activity was 4,550 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for December: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Fixed element per month $0 $ 3,900 2,250 9,900 7,900 $ 23,950 $ 159,355 $ 46,485 $ 66,835 $ 37,535 $9,865 Variable element per tenant-day $ 35.60 $9.40 14.60 6.10 0.70 $ 30.80 The activity variance for administrative expenses in December would be closest to:
Virgen 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 3,700 tenant-days, but its actual level of activity was 3,690 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data 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 Fixed Element Variable element per per Month $ 2,500 1,300 8,600 6,800 $ 19,200 $ 92,626 $ 23,919 $ 37,833 $ 18,594 $ 8,386 tenant-day $26.40 $6.10 The wages and salaries in the planning budget for May would be closest to: 9.70 2.60 0.40 $18.80
Tessmer 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 January, the kennel budgeted for 3,100 tenant-days, but its actual level of activity was 3,090 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting: Fixed Element per Variable element per Month tenant-day Revenue $ 0 $ 3,500 $33.60 Wages and salaries Food and supplies Facility expenses $ 7.40 500 10.50 9,500 4.70 Administrative expenses 6,600 0.30 Total expenses $20,100 $22.90 Actual results for January: Revenue $105,934 $ 27,186 $ 32,485 $ 24,873 $ 7,557 Wages and salaries Food and supplies Facility expenses Administrative expenses The net operating income in the flexible budget for January would be closest to:
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 5,200 tenant-days, but its actual level of activity was 5,230 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 per month Variable element per tenant-day Revenue 0 $ 35.70 Wages and salaries $ 2,400 $ 9.10 Food and supplies 1,600 15.60 Facility expenses 8,000 4.60 Administrative expenses 6,500 0.40 Total expenses $ 18,500 $ 29.70 Actual results for March: Revenue $ 171,323 Wages and salaries $ 28,710 Food and supplies $ 82,980 Facility expenses $ 32,258 Administrative expenses $ 7,111 The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance…
Gordin 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 actual level of activity 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: Data used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for May: Multiple Choice Revenue $ 86,322 Wages and salaries $ 17,984 Food and supplies $ 32,444 Facility expenses $ 19,554 Administrative expenses $ 6,162 The spending variance for food and supplies in May would be closest to: O $840 U O Fixed element per month $0 $ 2,000 $840 F 800 8,500 6,000 $ 17,300 Variable element per tenant-day $ 27.60 $ 5.20 10.20 3.70 0.10 $19.20
Zenon 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 July, the kennel budgeted for 3,300 tenant-days, but its actual level of activity was 3,260 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for July:Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue − $ 27.60 Wages and salaries $ 3,400 $ 5.10 Food and supplies 1,000 8.20 Facility expenses 8,600 4.90 Administrative expenses 7,000 0.40 Total expenses $ 20,000 $ 18.60 Actual results for July: Revenue $ 87,446 Wages and salaries $ 19,556 Food and supplies $ 27,262 Facility expenses $ 24,004 Administrative expenses $ 8,704 The facility expenses in the flexible budget for July would be closest to: $25,311 $24,770 $24,701 $24,574
Meinke 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 April, the kennel budgeted for 3,700 tenant-days, but its actual level of activity was 3,680 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for April: Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue - $ 33.80 Wages and salaries $ 3,100 $ 6.40 Food and supplies 1,000 14.40 Facility expenses 9,100 3.40 Administrative expenses 6,500 0.40 Total expenses $ 19,700 $ 24.60 Actual results for April: Revenue $ 118,524 Wages and salaries $ 27,122 Food and supplies $ 51,982 Facility expenses $ 20,852 Administrative expenses $ 8,052 The spending variance for food and supplies in April would be closest to:
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 2,500 tenant-days, but its actual level of activity was 2,480 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 $ 35.30 Wages and salaries $ 2,500 $ 5.90 Food and supplies 400 13.80 Facility expenses 8,900 3.40 Administrative expenses 7,800 0.40 Total expenses $ 19,600 $ 23.50 Actual results for February: Revenue $ 85,654 Wages and salaries $ 16,992 Food and supplies $ 33,084 Facility expenses $ 16,682 Administrative expenses $ 8,732 The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance…
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 4,000 tenant-days, but its actual level of activity was 4,040 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 per month Variable element per tenant-day Revenue 0 $ 34.90 Wages and salaries $ 2,900 $ 7.90 Food and supplies 1,900 14.40 Facility expenses 8,400 3.40 Administrative expenses 6,900 0.40 Total expenses $ 20,100 $ 26.10 Actual results for March: Revenue $ 131,231 Wages and salaries $ 28,590 Food and supplies $ 60,575 Facility expenses $ 21,800 Administrative expenses $ 7,099 The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance…

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