Virgen 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 3,700 tenant-days, but its actual level of activity was 3,690 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: Revenue Wages and salaries Food and supplies Facility expenses Fixed Element Variable element per per Month $0 $ 92,626 $ 23,919 $ 37,833 $ 18,594 $ 8,386 The wages and salaries in the planning budget for May would be closest to: Administrative expenses $2,500 1,300 8,600 6,800 $ 19,200 tenant-day $26.40 $6.10 9.70 2.60 0.40 $18.80

Virgen 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 3,700 tenant-days, but its actual level of activity was 3,690 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: Revenue Wages and salaries Food and supplies Facility expenses Fixed Element Variable element per per Month $0 $ 92,626 $ 23,919 $ 37,833 $ 18,594 $ 8,386 The wages and salaries in the planning budget for May would be closest to: Administrative expenses $2,500 1,300 8,600 6,800 $ 19,200 tenant-day $26.40 $6.10 9.70 2.60 0.40 $18.80

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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