Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Gandrud 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 June,
Gandrud 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 June, the kennel budgeted for 2,600 tenant- days, but its actual level of activity was 2,580 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: Variable element per tenant-day $37.10 $7.30 14.00 2.60 0.30 $24.20 Fixed element per month Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses $3,400 1,200 9,600 7,700 $21,900 The food and supplies in the flexible budget for June would be closest to: $37,569 O $37,600 $36,993 $37,320
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