Answered step by step
Verified Expert Solution
Question
1 Approved Answer
11 2 pts Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one
11 2 pts Hubbard 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 2,200 tenant-days, but its actual level of activity was 2,160 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 Month Variable element per tenant-day Revenue $0 $31.10 Wages and salaries $2,300 $7.20 Food and supplies 1,000 8.10 Facility expenses 9,500 2.70 Administrative expenses 7,000 0.30 $19,800 $18.30 Total expenses Actual results for January: Revenue $63,606 Wages and salaries $17,282 Food and supplies $18,346 Facility expenses $14,432 Administrative expenses $7,408 The facility expenses in the flexible budget for January would be closest to: $14,157 O $15,332 O $15.440 O None of the above O $15,062
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