Answered step by step
Verified Expert Solution
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
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
Get Instant Access with AI-Powered 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