Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Multiple choice: A. 19,100 B. 15,426 C. 15,600 D. 19,006 Paulis Kennel uses tenant-days as its measure of activity; an animal housed in the kennel
Multiple choice:
A. 19,100
B. 15,426
C. 15,600
D. 19,006
Paulis 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 February, the kennel budgeted for 4,000 tenant-days, but its actual level of activity was 3,980 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February Data used in budgeting: Fixed variable element element per per month tenant-day $30.50 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses $ 3,000 400 8,000 7,800 $19,200 $ 6.50 11.30 3.50 0.50 $21.80 Actual results for February: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $107, 780 $ 23,500 $ 36,790 $ 19,250 $ 9, 140 The net operating income in the planning budget for February would be closest toStep 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