Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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,

image text in transcribed
image text in transcribed
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 4,800 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 Fixed Variable element element per per month tenant-day $35.30 $ 2,000 1,200 15.20 7,600 4.20 7,700 0.60 $18,500 $28.70 Actual results for March: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $145,135 $ 28,670 $ 75,065 $ 27,230 $ 7,107 The revenue variance for March would be closest to: Multiple Choice O $24,305 U O $24,305 O $25,011 O $25,011 U

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

Auditing Cases An Active Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

2nd Edition

0130674842, 978-0130674845

More Books

Students also viewed these Accounting questions

Question

I wasnt sure how to talk about this situation. It was too personal.

Answered: 1 week ago