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 3,540 tenant-days, but its actual level of activity was 3,530 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 Fixed Variable element per element per month tenant-day - $ 29.80 $ 2,050 $ 5.50 1,505 9.90 9,540 5.50 8,035 0.80 $ 21,130 $ 21.70 Actual results for February: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses 104,129 21,186 37,932 28,496 10,799 The revenue variance for February would be closest to: $10,799 U $1,343 U O $1,065 U O $1,343 F

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 Reporting And Auditing In Sovereign Operations Technical Guidance Note

Authors: Asian Development Bank

1st Edition

9292698192, 978-9292698195

More Books

Students also viewed these Accounting questions

Question

Relational Contexts in Organizations

Answered: 1 week ago