Dog Kennel uses tenant-days as its measure of activity; an animal housed in the kennel...
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Accounting
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 4,500 tenant-days, but its actual level of activity was 4,560 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 element per month | Variable element per tenant-day | ||||
| Revenue | - | $ | 35.00 | ||
| Wages and salaries | $ | 3,400 | $ | 8.40 | |
| Food and supplies | 2,400 | 14.90 | |||
| Facility expenses | 8,900 | 3.90 | |||
| Administrative expenses | 7,400 | 0.30 | |||
| Total expenses | $ | 22,100 | $ | 27.50 | |
Actual results for March:
| Revenue | $ | 142,130 | |
| Wages and salaries | $ | 28,640 | |
| Food and supplies | $ | 71,025 | |
| Facility expenses | $ | 26,125 | |
| Administrative expenses | $ | 7,104 | |
The revenue variance for March would be closest to:
$17,470 F
$15,370 F
$17,470 U
$15,370 U
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