Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

TB MC Qu. 10-72 Gandrud Kennel uses tenant-days as... Gandrud Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for

TB MC Qu. 10-72 Gandrud Kennel uses tenant-days as...

Gandrud 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 June, the kennel budgeted for 2,820 tenant-days, but its actual level of activity was 2,800 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting:

Fixed element per month Variable element per tenant-day Revenue $ 41.50 Wages and salaries $ 3,650 $ 8.40 Food and supplies 1,685 16.20 Facility expenses 13,250 3.70 Administrative expenses 8,700 1.40 Total expenses $ 27,285 $ 29.70

The food and supplies in the flexible budget for June would be closest to:

$46,718

$47,294

$47,369

$47,045

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

Financial Accounting with International Financial Reporting Standards

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

4th edition

1119504309, 1-119-50340-8, 9781119503408 , 978-1119504306

More Books

Students also viewed these Accounting questions