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: Revenue Wages and salaries. Food and supplies Facility expenses Administrative expenses Total expenses Fixed Element per Month Revenue Wages and salaries Food and supplies Facility expenses $ $ Actual results for January: Administrative expenses Variable element per tenant-day 3,500 500 9,500 6,600 20,100 $ 105,934 $ 27,186 $ 32,485 $ 24,873 $ 7,557 $ 33.60 $ 7.40 10.50 4.70 0.30 $ 22.90 The food and supplies in the flexible budget for January would be closest to:
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: Revenue Wages and salaries. Food and supplies Facility expenses Administrative expenses Total expenses Fixed Element per Month Revenue Wages and salaries Food and supplies Facility expenses $ $ Actual results for January: Administrative expenses Variable element per tenant-day 3,500 500 9,500 6,600 20,100 $ 105,934 $ 27,186 $ 32,485 $ 24,873 $ 7,557 $ 33.60 $ 7.40 10.50 4.70 0.30 $ 22.90 The food and supplies in the flexible budget for January would be closest to:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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Transcribed Image Text: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:
Revenue
Wages and
salaries
Food and
supplies
Facility expenses
Administrative
expenses
Total expenses
Fixed Element
per Month
Revenue
Wages and salaries
Food and supplies
Facility expenses
$
$
Actual results for January:
Administrative expenses
Variable element
per tenant-day
3,500
500
9,500
6,600
20,100
$ 105,934
$ 27,186
$ 32,485
$ 24,873
$ 7,557
$ 33.60
$ 7.40
10.50
4.70
0.30
$ 22.90
The food and supplies in the flexible budget for January would be closest to:
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