Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Smithj 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,

image text in transcribed

Smithj 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 3.680 tenant-days, but its actual level of activity was 3,670 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: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Food Variable element per element per month tenant-dey $ 35.BO $ 2,095 $ 6.90 1580 12.70 9,425 8.30 8,020 2.20 $ 21,120 $ 30.10 $ Actual results for February Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $ $ $ $ $ 134,335 26.878 49,249 39,418 15,964 The revenue variance for February would be closest to: 0 $720 U $998 F $15,964 u 0 $ $998 U

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_2

Step: 3

blur-text-image_3

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

Financial Accounting The Basics

Authors: Ilias Basioudis

1st Edition

1138605514, 9781138605510

More Books

Students also viewed these Accounting questions

Question

Define Management by exception

Answered: 1 week ago

Question

Explain the importance of staffing in business organisations

Answered: 1 week ago

Question

What are the types of forms of communication ?

Answered: 1 week ago