ordin 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 a tivity 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: ata 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 $ 86,322 $ 17,984 $ 32,444 $ 19,554 $ 6,162 The spending variance for food and supplies in May would be closest to: Multiple Choice Fixed element per month $0 $2,000 800 8,500 6,000 $ 17,300 $840 U Variable element per tenant-day $ 27.60 $ 5.20 10.20 3.70 0.10 $ 19.20

ordin 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 a tivity 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: ata 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 $ 86,322 $ 17,984 $ 32,444 $ 19,554 $ 6,162 The spending variance for food and supplies in May would be closest to: Multiple Choice Fixed element per month $0 $2,000 800 8,500 6,000 $ 17,300 $840 U Variable element per tenant-day $ 27.60 $ 5.20 10.20 3.70 0.10 $ 19.20

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 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: Fixed Variable element element per per month tenant-day $35.70 0 $9.10 $ 2,400 1,600 8,000 6,500 $ 18,500 Revenue $ 171,323 Wages and salaries. Food and supplies $ 28,710 $ 82,980 $32,258 $ 7,111 Facility expenses Administrative expenses The flexible budget variance for March would be closest to: 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 4,700 tenant-days, but its actual level of activity was 4,780 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 Fixed element per month 0 The revenue variance for March would be closest to: $ 3,600 1,100 7,500 7,600 $ 19,800 $ 144,230 $ 28,660 $ 74,070 $ 27,220 $ 7,106 Variable element per tenant-day $ 35.20 $ 8.60 15.10 4.10 0.50 $ 28.30
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:
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:
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
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: Fixed element per Variable element month $ 0 $ 2,000 per tenant-day $ 27.60 $ 5.20 Revenue Wages and salaries Food and supplies 800 10.20 Facility expenses 8,500 3.70 Administrative expenses 6,000 0.10 Total expenses $ 17,300 $ 19.20 Actual results for May: $ 86,322 $ 17,984 $ 32,444 $ 19,554 $ 6,162 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses The activity variance for administrative expenses in May 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 4,000 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
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:
Meinke 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 April, the kennel budgeted for 3,700 tenant-days, but its actual level of activity was 3,680 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for April: Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue - $ 33.80 Wages and salaries $ 3,100 $ 6.40 Food and supplies 1,000 14.40 Facility expenses 9,100 3.40 Administrative expenses 6,500 0.40 Total expenses $ 19,700 $ 24.60 Actual results for April: Revenue $ 118,524 Wages and salaries $ 27,122 Food and supplies $ 51,982 Facility expenses $ 20,852 Administrative expenses $ 8,052 The spending variance for food and supplies in April would be closest to:
Zenon 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 July, the kennel budgeted for 3,300 tenant-days, but its actual level of activity was 3,260 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for July:Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue − $ 27.60 Wages and salaries $ 3,400 $ 5.10 Food and supplies 1,000 8.20 Facility expenses 8,600 4.90 Administrative expenses 7,000 0.40 Total expenses $ 20,000 $ 18.60 Actual results for July: Revenue $ 87,446 Wages and salaries $ 19,556 Food and supplies $ 27,262 Facility expenses $ 24,004 Administrative expenses $ 8,704 The facility expenses in the flexible budget for July would be closest to: $25,311 $24,770 $24,701 $24,574