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 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 Variable element per month per tenant-day 35.00 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses 3,400 8.40 %24 2,400 14.90 8,900 7,400 3.90 0.30 Total expenses 22,100 27.50 Actual results for March $142,130 $ 28,640 $ 71,025 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses 2426,125 $ 7,104 The spending variance for facility expenses in March 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 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 Variable element per month per tenant-day 35.00 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses 3,400 8.40 %24 2,400 14.90 8,900 7,400 3.90 0.30 Total expenses 22,100 27.50 Actual results for March $142,130 $ 28,640 $ 71,025 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses 2426,125 $ 7,104 The spending variance for facility expenses in March would be closest to:

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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