Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. dinham kennel uses tenant-days as its measure of a

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

80.2K

Verified Solution

Question

Accounting

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 5,300 tenant-days, but its actual level of activity was 5,340 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 $ 35.80
Wages and salaries $ 2,500 $ 9.20
Food and supplies 1,700 15.70
Facility expenses 8,100 4.70
Administrative expenses 6,600 0.50
Total expenses $ 18,900 $ 30.10

Actual results for March:

Revenue $ 172,453
Wages and salaries $ 28,720
Food and supplies $ 85,025
Facility expenses $ 33,430
Administrative expenses $ 7,112

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:

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

Q

Students completed a high school senior level standardized algebra exam. Major for students was also recorded....

Statistics
Q

Neurons to act as integrators. Discuss the concepts of facilitation temporal and spatial summation and convergence...

Medical Sciences
Q

I NEED 2 PARAGRAPHS RESPOND TO THIS TYPING SO I CAN COPY IT Managers create budgets...

Accounting
Q

Courtney and Joe are power washing the patio. Courtney can power washthe entire patio in...

Basic Math
Q

In Pennsylvania, each standard automobile license plate number consists of three letters followed by a...

Basic Math
Q

Your candy factory makes Sticker Bars and N&N's. For each case of Stickers, you make...

Basic Math
Q

Find the area of the shaded region Use 3 14 m 26 m r 13...

Calculus
Q

One roofer can put a new roof on a house three times faster than another....

Algebra
Q

Selected data for Dalton Company for 2018 follows: Earnings (net income) $ 97,800 Preferred stock...

Accounting
Q

Wexpro, Incorporated, produces several products from processing 1 ton of clypton, a rare mineral. Material...

Accounting
Q

On January 1,2024, Sledge had common stock of $270,000 and retained earnings of $410,000. During...

Accounting
Q

If a business entity sells goods for Rs.10,000, this transaction would include two aspects: the...

Accounting