Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help Save & Exit Rhed Kennel uses tenant-days as its measure of activity, an animal housed in the kennel for one day is counted as

image text in transcribed
image text in transcribed
Help Save & Exit Rhed 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 December, the kennel budgeted for 3,800 tenant-days, but its actual level of activity was 3.750 tenant days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for December Data used in budgeting: Fixed Variable element element per per month tenant-day $34.10 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses $ 2,400 1.500 8,400 6,40e $ 7.90 13.10 4.62 8.40 $26.ee $18,700 Actual results for December Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $127.345 $ 32,305 $ 49,585 $ 25,760 $ 6,940 Tartu var min einen Saved Fooa ana supplies Facility expenses Administrative expenses > 49,585 $ 25,760 $ 6,940 The activity variance for administrative expenses in December would be closest to Multiple Choice 0 $980 F 0 $200 0 $980 U $20 F

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions