Dog Kennel uses tenant-days as its measure of activity, an animal housed in the kennel...

50.1K

Verified Solution

Question

Accounting

image
image
Dog 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 of activity 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: Fixed Variable element element per per month tenant-day $36.00 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses s2,700 9.40 1,900 8,300 6, 800 $19,700 15.90 4.90 0.30 $30.50 Actual results for March: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $179,235 s 28,740 $ 89,785 35,875 $ 7,114 The revenue variance for March would be closest to: The revenue variance for March would be closest to: Multiple Choice $20,925F $18,765 F $20,925 U $18,765 U

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students