Dinham 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 March, the kennel budgeted for 5,500 tenant-days, but its actual level ofactivity was 5,560 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March:Data used in budgeting:FixedVariableelementelement pertenant-day$ 36.00$ 9,40per monthRevenue$ 2,700Wages and salariesFood and supplies1,90015.90Facility expensesAdministrative expenses8,3004.906,8000.30Total expenses$ 19,700$ 30.50Actual results for March:$ 179,235$ 28,740$ 89,785$ 35,875$ 7,114RevenueWages and salariesFood and suppliesFacility expensesAdministrative expensesThe spending variance for facility expenses in March would be closest to:

Solution: Spending variance for Facility expenses = Facility expenses as per flexible budget -…

ctivity was 5,560 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and Data used in budgeting: Fixed Variable element per per month tenant-day O $ 36.00 $ 9.40 element Revenue $ 2,700 Wages and salaries Food and supplies Facility expenses 1,900 15.90 8,300 6,800 $ 19,700 4.90 Administrative expenses 0.30 Total expenses $ 30.50 Actual results for March: $ 179,235 $ 28,740 $ 89,785 $ 35,875 $ 7,114 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses

ctivity was 5,560 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and Data used in budgeting: Fixed Variable element per per month tenant-day O $ 36.00 $ 9.40 element Revenue $ 2,700 Wages and salaries Food and supplies Facility expenses 1,900 15.90 8,300 6,800 $ 19,700 4.90 Administrative expenses 0.30 Total expenses $ 30.50 Actual results for March: $ 179,235 $ 28,740 $ 89,785 $ 35,875 $ 7,114 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Gordin 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 May, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 3,020 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for May: Multiple Choice Revenue $ 86,322 Wages and salaries $ 17,984 Food and supplies $ 32,444 Facility expenses $ 19,554 Administrative expenses $ 6,162 The spending variance for food and supplies in May would be closest to: O $840 U O Fixed element per month $0 $ 2,000 $840 F 800 8,500 6,000 $ 17,300 Variable element per tenant-day $ 27.60 $ 5.20 10.20 3.70 0.10 $19.20
Dinham 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 March, the kennel budgeted for 5,200 tenant-days, but its actual level of activity was 5,230 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: Revenue Wages and salaries. Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March: Fixed Variable element element per per month tenant-day $35.70 0 $9.10 $ 2,400 1,600 8,000 6,500 $ 18,500 Revenue $ 171,323 Wages and salaries. Food and supplies $ 28,710 $ 82,980 $32,258 $ 7,111 Facility expenses Administrative expenses The flexible budget variance for March would be closest to: 15.60 4.60 0.40 $29.70
Dinham 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 March, the kennel budgeted for 5500 tenant-days, but its actual level of activity was 5560 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: Fixed element Variable element per tenant-day $ 36.00 per month Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses 2$ 2700 9.40 1900 15.90 8300 4.90 6800 0.30 Total expenses 2$ 19,700 $ 30.50 Actual results for March: Revenue $ 179,235 Wages and salaries Food and supplies Facility expenses Administrative expenses $4 28,740 89,785 24 $ 35,875 $ 7114 The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for March would be closest to: Select one: O A.…
Gordin 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 May, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 3,020 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Fixed element per Variable element month $ 0 $ 2,000 per tenant-day $ 27.60 $ 5.20 Revenue Wages and salaries Food and supplies 800 10.20 Facility expenses 8,500 3.70 Administrative expenses 6,000 0.10 Total expenses $ 17,300 $ 19.20 Actual results for May: $ 86,322 $ 17,984 $ 32,444 $ 19,554 $ 6,162 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses The activity variance for administrative expenses in May would be closest to:
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Meinke 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 April, the kennel budgeted for 3,700 tenant-days, but its actual level of activity was 3,680 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for April: Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue - $ 33.80 Wages and salaries $ 3,100 $ 6.40 Food and supplies 1,000 14.40 Facility expenses 9,100 3.40 Administrative expenses 6,500 0.40 Total expenses $ 19,700 $ 24.60 Actual results for April: Revenue $ 118,524 Wages and salaries $ 27,122 Food and supplies $ 51,982 Facility expenses $ 20,852 Administrative expenses $ 8,052 The spending variance for food and supplies in April would be closest to:
Dinham 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 March, the kennel budgeted for 3,600 tenant-days, but its actual level of activity was 3,630 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: 01:08:33 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March: Variable Fixed element per month $ 0 element per tenant-day $34.50 $ 2,500 $ 7.50 1,500 14.00 8,000 3.00 6,500 0.60 $ 18,500 $ 25.10 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $ 121,234 $ 28,550 $ 53,125 $ 18,250 $ 7,095 The spending variance for food and supplies in March would be closest to: Multiple Choice k
Dinham 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 March, the kennel budgeted for 5,200 tenant-days, but its actual level of activity was 5,230 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue 0 $ 35.70 Wages and salaries $ 2,400 $ 9.10 Food and supplies 1,600 15.60 Facility expenses 8,000 4.60 Administrative expenses 6,500 0.40 Total expenses $ 18,500 $ 29.70 Actual results for March: Revenue $ 171,323 Wages and salaries $ 28,710 Food and supplies $ 82,980 Facility expenses $ 32,258 Administrative expenses $ 7,111 The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance…
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