Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please solve and underline circle or bold print the answer. Nicolini Kennel uses tenant-days as its measure of activity; an animal housed in the kennel

please solve and underline circle or bold print the answer.image text in transcribed

Nicolini 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 October, the kennel budgeted for 2,300 tenant-days, but its actual level of activity was 2,350 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for October: Data used in budgeting FIxed element per month Varlable element p tenant-day Revenue Wages and salarles Food and supplles Facility expenses Administrative expenses Total expenses 40.40 $ 3.480 8.40 13.90 4.70 1.20 25,430 28.20 1,430 11,580 8,940 Actual results for October Revenue Wages and salarles Food and supplles Facility expenses Administrative expenses $ 91,560 $ 22,220 $ 33.445 $23,355 $ 11,670 The food and supplies in the flexible budget for October would be closest to O $34,095 O $32891 O $34113 O $33,500

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

Managerial Accounting

Authors: Harold M. Sollenberger, Arnold Schneider, Lane K. Anderson

9th Edition

0538842822, 978-0538842822

More Books

Students also viewed these Accounting questions

Question

47. If E[Y |X] = 1, show that Var(X Y ) Var(X)

Answered: 1 week ago