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 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March Multiple Choice O Revenue Wages and salaries $ 142,130 $28,648 $ 71,025 Food and supplies Facility expenses $ 26,125 $ 7,104 Administrative expenses The spending variance for food and supplies in March would be closest to: $1,575 U The spending variance for food and supplies in March would be closest to: $1,575 F Fixed element per month $681 F $0 $ 3,400 2,400 8,900 7,400 $ 22,100 $681 U Variable element per tenant-day $ 35.00 $ 8.40 14.90 3.90 0.30 $ 27.50

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 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March Multiple Choice O Revenue Wages and salaries $ 142,130 $28,648 $ 71,025 Food and supplies Facility expenses $ 26,125 $ 7,104 Administrative expenses The spending variance for food and supplies in March would be closest to: $1,575 U The spending variance for food and supplies in March would be closest to: $1,575 F Fixed element per month $681 F $0 $ 3,400 2,400 8,900 7,400 $ 22,100 $681 U Variable element per tenant-day $ 35.00 $ 8.40 14.90 3.90 0.30 $ 27.50

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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