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:

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:

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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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
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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 :
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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 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:
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 animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 5500 tenant-days, but its actual level of activity was 5560 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 tenant-day $ 36.00 per month Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses 2$ 2700 9.40 1900 15.90 8300 4.90 6800 0.30 Total expenses 2$ 19,700 $ 30.50 Actual results for March: Revenue $ 179,235 Wages and salaries Food and supplies Facility expenses Administrative expenses $4 28,740 89,785 24 $ 35,875 $ 7114 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 March would be closest to: Select one: O A.…