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 5,200 tenant-days, but its actual level of activity was 5,230 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: 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 The flexible budget variance for March would be closest to: Fixed element per month 0 $ 2,400 1,600 8,000 6,500 $ 18,500 $ 171,323 $ 28,710 $ 82,980 $ 32,258 $ 7,111 Variable element per tenant-day $ 35.70 $9.10 15.60 4.60 0.40 $29.70

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 5,200 tenant-days, but its actual level of activity was 5,230 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: 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 The flexible budget variance for March would be closest to: Fixed element per month 0 $ 2,400 1,600 8,000 6,500 $ 18,500 $ 171,323 $ 28,710 $ 82,980 $ 32,258 $ 7,111 Variable element per tenant-day $ 35.70 $9.10 15.60 4.60 0.40 $29.70

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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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 3,600 tenant-days, but its actual level of activity was 3,630 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: 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 h Multiple Choice $805 F Fixed element per month A $ 0 $ 2,500 1,500 8,000 6,500 $ 18,500 The spending variance for food and supplies in March would be closest to: $ 121,234 $ 28,550 $ 53,125 $ 18,250 $ 7,095 Variable element per tenant-day $ 34.50 $ 7.50 14.00 3.00 0.60 $ 25.10 1 1 € O :
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 3,400 tenant-days, but its actual level of activity was 3,460 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: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March: Fixed Variable element per element per month tenant-day $0 $ 34.30 $ 2,300 $ 7.30 1,300 13.80 7,800 6,300 $ 17,700 2.80 0.40 $ 24.30 Revenue $ 115,625 Wages and salaries $ 28,530 Food and supplies $ 49,580 Facility expenses $ 16,500 Administrative expenses $ 7,093 The spending variance for facility expenses in March would be closest to:
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 Administrative expenses Fixed Element Variable element per per Month $ 2,500 1,300 8,600 6,800 $ 19,200 $ 92,626 $ 23,919 $ 37,833 $ 18,594 $ 8,386 tenant-day $26.40 $6.10 The wages and salaries in the planning budget for May would be closest to: 9.70 2.60 0.40 $18.80
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 3,600 tenant-days, but its actual level of activity was 3,630 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: 01:08:33 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March: Variable Fixed element per month $ 0 element per tenant-day $34.50 $ 2,500 $ 7.50 1,500 14.00 8,000 3.00 6,500 0.60 $ 18,500 $ 25.10 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $ 121,234 $ 28,550 $ 53,125 $ 18,250 $ 7,095 The spending variance for food and supplies in March would be closest to: Multiple Choice k
Rhed 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 December, the kennel budgeted for 4,500 tenant-days, but its actual level of activity was 4,550 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for December: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Fixed element per month $0 $ 3,900 2,250 9,900 7,900 $ 23,950 $ 159,355 $ 46,485 $ 66,835 $ 37,535 $9,865 Variable element per tenant-day $ 35.60 $9.40 14.60 6.10 0.70 $ 30.80 The activity variance for administrative expenses in December would be closest to:
Gordin 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 3,000 tenant-days, but its actual level of activity was 3,020 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: Multiple Choice Revenue $ 86,322 Wages and salaries $ 17,984 Food and supplies $ 32,444 Facility expenses $ 19,554 Administrative expenses $ 6,162 The spending variance for food and supplies in May would be closest to: O $840 U O Fixed element per month $0 $ 2,000 $840 F 800 8,500 6,000 $ 17,300 Variable element per tenant-day $ 27.60 $ 5.20 10.20 3.70 0.10 $19.20
Dinham Kennel uses tenant-days as Its measure of activity; an anlmal housed in the kennel for one day Is counted as one tenant-day. During March, the kennel budgeted for 4,000 tenant-days, but Its 1 actual level of activity was 4,040 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 Revenue 34.90 Wages and salaries Food and supplies Facility expenses Administrative expenses 2,900 7.90 1,900 14.40 8,400 3.40 6,900 0.40 Total expenses 20,100 26.10 Actual results for March: $131,231 $ 28,590 $ 60,575 $ 21,800 $ 7,099 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses The revenue varlance for March would be closest to: Multiple Choice $8.369 U $9,765 U $9,765 F $8.369 F
Paulis 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 February, the kennel budgeted for 5,200 tenant-days, but its actual level of activity was 5,220 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: 20 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for February: Revenue Wages and salaries Fixed element per month $ 0 Variable element per tenant-day $ 31.70 $ 4,200 $ 7.70 800 12.50 8,500 4.70 7,600 0.50 $ 21,200 $ 25.40 $ 108,980 Food and supplies Facility expenses Administrative expenses $ 23,620 $ 36,802 $ 19,370 $ 9,164 The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for February would be closest…
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 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 tenant-day $ 36.00 $ 9,40 per month Revenue $ 2,700 Wages and salaries Food and supplies 1,900 15.90 Facility expenses Administrative expenses 8,300 4.90 6,800 0.30 Total expenses $ 19,700 $ 30.50 Actual results for March: $ 179,235 $ 28,740 $ 89,785 $ 35,875 $ 7,114 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses The spending variance for facility expenses in March would be closest to:
Tessmer 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 January, the kennel budgeted for 3,100 tenant-days, but its actual level of activity was 3,090 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting: Fixed Element per Variable element per Month tenant-day Revenue $ 0 $ 3,500 $33.60 Wages and salaries Food and supplies Facility expenses $ 7.40 500 10.50 9,500 4.70 Administrative expenses 6,600 0.30 Total expenses $20,100 $22.90 Actual results for January: Revenue $105,934 $ 27,186 $ 32,485 $ 24,873 $ 7,557 Wages and salaries Food and supplies Facility expenses Administrative expenses The net operating income in the flexible budget for January would be closest to:
Dinham Kennel uses tenant-days as Its measure of activity; an anlmal housed in the kennel for one day Is counted as one tenant-day. During March, the kennel budgeted for 4,600 tenant-days, but Its actual level of activity was 4,670 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 Revenue $ 35.10 Wages and salaries Food and supplies Facility expenses Administrative expenses $ 3,500 8.50 1,000 15.00 9,000 4.00 7,500 0.40 Total expenses $ 21,000 $4 27.90 Actual results for March: Revenue $143,330 Wages and salaries Food and supplies Facility expenses Administrative expenses $ 28,650 $ 71,345 $ 27,130 $ 7,105 The spending varlance for food and supplies In March would be closest to: Multiple Cholce $1,345 F $1,345 U $295 F $295 U
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 per month Variable element per tenant-day Revenue 0 $ 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 spending variance for food and supplies in March would be closest to: