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 2,920 tenant-days, but its actual level of activity was 2,900 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting Fixed element per month Varlable element per tenant-day Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses -43.50 $3,775 $8.90 17.20 4.20 1.90 $ 25,920 32.20 1,325 11,100 9,720 The food and supplies in the flexible budget for June would be closest to O $50,878 O $51,454 O $51,549 O $51.205
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