3 Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the...

90.2K

Verified Solution

Question

Accounting

image
3 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 2,000 tenant-days, but its actual level of activity was 2,040 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: 8 Fixed element per month Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses $ 3,000 400 9,600 7,800 $ 20,800 Variable element per tenant-day $35.40 $ 6.60 12.20 2.30 0.20 $ 21.30 13 Actual results for March: Revenue $69,576 Wages and salaries $16,204 Food and supplies $25,008 Facility expenses $14,122 Administrative expenses $ 8,238 The spending variance for facility expenses in March would be closest to

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students