Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Fixed element per month $ 3,000 2,000 8,500 7,000 $20,500 $133,251 $28,600 $ 62,225 $ 22,550 $ 7,100 Variable element per tenant-day $35.00 $ 8.00 14.50 3.50 0.50 $26.50 The overall revenue and spending variance (1.e., the variance for net operating income in the revenue and spending varlance column on the flexible budget performance report) for March would be closest to:

Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Fixed element per month $ 3,000 2,000 8,500 7,000 $20,500 $133,251 $28,600 $ 62,225 $ 22,550 $ 7,100 Variable element per tenant-day $35.00 $ 8.00 14.50 3.50 0.50 $26.50 The overall revenue and spending variance (1.e., the variance for net operating income in the revenue and spending varlance column on the flexible budget performance report) for March would be closest to:

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter22: Budgeting

Section: Chapter Questions

Problem 3PB: Budgeted income statement and supporting budgets The budget director of Gold Medal Athletic Co.,...

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