Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dirham Kennel uses tenant-days as its measure of activity, an animal housed in the kernel for one day is counted as one tenant day. During

image text in transcribed
image text in transcribed
Dirham Kennel uses tenant-days as its measure of activity, an animal housed in the kernel 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 2040 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 $35.40 $ 6.60 12.20 $ 3,00 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses 9,600 $20,800 $21.30 Actual results for March: $69,576 $16,20 Mages and salaries Food and supplies Facility expenses Administrative expenses $14,122 $ 8,238 The revenue variance for March would be closest to Multiple Choice $2,640 U $2,640 F $1224 U $1224 F

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 Essentials

Authors: Frank C Giove

1st Edition

0738671509, 9780738671505

More Books

Students also viewed these Accounting questions