Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

D Question 25 2 pts Pong Kennel uses tenant-days as its measure of activity: an animal housed in the kennel for one day is counted

image text in transcribed
image text in transcribed
D Question 25 2 pts Pong 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 December the kennel budgeted for 2.000 tenant-days, but its actual level of activity was 1,980 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Fixed Variable element element per per month tenant-day Revenue. $32.50 Wages and salaries........... $3,500 $5.50 Expendables....... 800 10.70 Facility expenses............ 8,700 3.00 Administrative expenses... 6.500 0.40 Total expenses...................... $12,500 $19.60 Administrative expenses........ 6.500 0.40 Total expenses............. $12.500 $19.60 Actual results for December: Revenue.. $66,320 Wages and salaries........... $14,460 Expendables. $21,826 Facility expenses.. $14,330 Administrative expenses........ $7,622 The facility expenses in the flexible budget for December would be closest to: $14,475 $14,700 $14,640 $14,187

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

Step: 3

blur-text-image

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

Learning From Collaborative Audit

Authors: Higher Education Quality Council

1st Edition

1858242312, 978-1858242316

More Books

Students also viewed these Accounting questions

Question

describe the main employment rights as stated in the law

Answered: 1 week ago