Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Data used in budgeting Dinham Kennel uses tenent-days as its measure of activity; an animal housed in the kennel for one day is counted
Data used in budgeting Dinham Kennel uses tenent-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 2,000 tenant-days, but its actual level of activity was 2,040 tenant-days. The kennel has provided the following data concerning the formules used in its budgeting and its actual results for March: Fixed element per month Variable element per tenant-day 35.48 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 50 $ 3,000 480 9,600 7,880 $ 20,880 $ 69,576 $ 16,204 $ 25,008 $ 14,122 $ 8,238 The revenue veriance for March would be closest to: $ 6.68 12.20 2.38 8.20 $ 21.38 Multiple Choice $2,640 F $2,640 U $1,224 U $1,224 F
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