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Dinham 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,
Dinham 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 4,500 tenant-days, but its actual level of activity was 4,560 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:
Fixed element per month | Variable element per tenant-day | |
---|---|---|
Revenue | 0 | $ 35.00 |
Wages and salaries | $ 3,400 | $ 8.40 |
Food and supplies | 2,400 | 14.90 |
Facility expenses | 8,900 | 3.90 |
Administrative expenses | 7,400 | 0.30 |
Total expenses | $ 22,100 | $ 27.50 |
Actual results for March:
Revenue | $ 142,130 |
---|---|
Wages and salaries | $ 28,640 |
Food and supplies | $ 71,025 |
Facility expenses | $ 26,125 |
Administrative expenses | $ 7,104 |
The revenue variance for March would be closest to:
TB MC Qu. 9-331 (Algo) Dinham Kennel uses tenant-days... Dinham 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 4,500 tenant-days, but its actual level of activity was 4,560 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 Fixed Variable element element per per month tenant-day 0 $ 35.00 $ 3,400 $ 8.40 2,400 14.90 8,900 3.90 7,400 0.30 $ 22,100 $ 27.50 Actual results for March: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $ 142, 130 $ 28, 640 $ 71,025 $ 26, 125 $ 7,104 The revenue variance for March would be closest to: Actual results for March: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $ 142,130 $ 28,640 $ 71,025 $ 26,125 $ 7,104 The revenue variance for March would be closest to: Multiple Choice $15,370 U $15,370 F $17,470 F $17,470 UStep by Step Solution
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