Answered step by step
Verified Expert Solution
Question
1 Approved Answer
10 points Vidal Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day.
10 points Vidal 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: Vidal 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: Fixed-Element Variable element per Month per tenant-day Revenue $ 26.40 Wages and salaries $ 2,500 $ 6.10 Food and supplies 1,300 9.70 Facility expenses 8,600 2.60 Administrative expenses 6,800 0.40 Total expenses 19,200 $ 18.80 Actual results for May: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $ 92,626 $ 23,919 $ 37,833 $ 18,594 $ 8,386 Requirement: Prepare a flexible performance report for the month of May
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started