Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kowamura 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,

image text in transcribed
image text in transcribed
Kowamura 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 2,300 tenant-days, but its actual level of activity was 2,320 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: Fixed Variable Element Element per per month Tenant-Day $37.70 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses $ 3,000 800 9,800 7,100 $20,700 $ 6.10 13.40 4.70 0.20 $24.40 The administrative expenses in the planning budget for December would be closest to O O $7,754 $7,560 O $7,564 $7,687

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

More Books

Students also viewed these Accounting questions