and

8 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 3,200 tenant-days, but its actual level of activity was 3,180 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: 0/1 points awarded Scored Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Fixed element per Variable element month per tenant-day $ 0 $ 29.70 $ 2,200 $ 5.70 400 10.50 7,200 2.70 7,000 0.10 $ 16,800 $ 19.00 Actual results for February: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $ 106,980 $ 23,420 $ 36,782 $ 19,170 $ 9, 124 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 February would be closest to: Multiple Choice $1,258 F $1,258 U Activate Windo 5 Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 7,200 units, but its actual level of activity was 7,150 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: 0/1 points awarded Scored Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses Fixed element per month $ $ 0 42,000 26,000 $ 68,000 Variable element per unit $ 34.70 $ 6.70 13.20 2.20 0.70 $ 22.80 Actual results for May: Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses $ 249,300 $ 48,110 $ 95,680 $ 46,000 $ 30,520 The revenue variance for May would be closest to: Multiple Choice $540 F O $1,195 F O O $1,195 U $540 U Activate Window