Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Check Kroner Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day.

image text in transcribed

Check Kroner 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 4,800 tenant-days, but its actual level of activity was 4,820 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: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Fixed Variable cost per cost per month tenant-day $ 2,000 1,200 7,600 $35.30 $ 8.70 15.20 4.20 7,700 0.60 $18,500 $28.70 $145,135 $ 28,670 $ 75,065 $ 27,230 $ 7,107 The revenue variance for March would be closest to:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Business Reporting For Decision Making

Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver

4th Edition

978-0730302414, 0730302415

More Books

Students also viewed these Accounting questions