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stellarik [79]
3 years ago
10

Malander 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 November, the kennel budgeted for 3,400 tenant-days, but its actual level of activity was 3,390 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for November:
Data used in budgeting:
Fixed element per month Variable element per
tenant-day
Revenue - $ 28.00
Wages and salaries $ 2,700 $ 5.40
Food and supplies 500 10.20
Facility expenses 9,600 3.30
Administrative expenses 6,600 0.20
Total expenses $ 19,400 $ 19.10
Actual results for November:
Revenue $ 90,470
Wages and salaries $ 20,606
Food and supplies $ 35,838
Facility expenses $ 20,857
Administrative
expenses $ 7,518
The revenue variance for November would be closest

A $658 U

B $760 U

C $760 F

D $658 F
Business
1 answer:
Nitella [24]3 years ago
5 0

Answer:

$4,450 unfavorable

Explanation:

The computation of the revenue variance is shown below:

As we know that

Revenue variance is

=  Flexible budget revenue - Actual revenue

where,

Flexible budget revenue is

= Actual level of activity × revenue element per tenant day

= 3,390 × $28

= $94,920

And, the actual revenue is $90,470

So, the revenue variance is

= $94,920 - $90,470

= $4,450 unfavorable

This is the answer but the same is not provided in the given options

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Callaghan motors' bonds have 10 years remaining to maturity. interest is paid annually; they have a $1,000 par value; the coupon
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What are the "flows" within a supply chain, and why are they important?
ZanzabumX [31]

Answer:

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2 years ago
A soft drink bottler incurred the following factory utility cost: $3,711 for 1,250 cases bottled and $3,790 for 1,800 cases bott
Brilliant_brown [7]

Answer:

$0.1436

Explanation:

Given that,

$3,711 for 1,250 cases bottled

$3,790 for 1,800 cases bottled

Factory utility cost is a mixed cost containing both fixed and variable components.

Variable cost per unit:

= Difference in costs ÷ Difference in units

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7 0
3 years ago
In the year 2010, the income per worker in the United States was $82,359 and the income per worker in South Korea was $54,315. T
zhenek [66]

Answer:

The difference in human capital explains $7,863 of the income per worker gap while the difference in physical capital explains $20,181 of the income per worker gap.

Explanation:

Human capital refers to the skills, knowledge, and efforts of the people in producing goods and services. It is also known simply as labor. Physical capital refers to the "man-made" goods that assist in production, including machinery, equipment, and technological items such as computers.

In the given scenario, the income per worker in the United States is $82,359 - $54,315 = $28,044 more than the income per worker in South Korea. This is explained by differences in both the level of technology (i.e. physical capital) and the capability of workers (i.e. human capital).

We are informed that the income per worker in South Korea would be $74,496 if it had the same level of technology as the United States. This means that $74,496 - $54,315 = $20,181 of the income per worker gap between the two countries is explained by differences in physical capital. Hence the remaining difference of $28,044 - $20,181 = $7,863 is explained by differences in human capital between the two countries.

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3 years ago
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