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Andrei [34K]
3 years ago
11

Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-d

ay. During March, the kennel budgeted for 3,300 tenant-days, but its actual level of activity was 3,340 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 Variable element
per month per tenant-day
Revenue - $34.20
Wages and salaries $2,200 $7.20
Food and supplies 1,200 13.70
Facility expenses 7,700 2.70
Administrative expenses 6,200 0.30
Total expenses $17,300 $23.90
Actual results for March:
Revenue $111,226
Wages and salaries $28,520
Food and supplies $47,305
Facility expenses $15,750
Administrative expenses $7,092

The spending variance for food and supplies in March would be closest to:

a) $895 F b) $895 U c) $347 F d) $347 U
Business
1 answer:
Nitella [24]3 years ago
5 0

Answer:

d) $347 U

Explanation:

The computation of the spending variance for food and supplies in March is shown below:

= Flexible budget - actual budget

where,

Flexible budget is

= $1,200 + $3,340 × $13.70

= $1,200 + $45,758

= $46,958

And, the actual budget is $47,305

So by considering the above calculation, the spending variance is

= $46,958 - $47,305

= $347 unfavorable

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Starfish Enterprises produces men’s sports coats that are sold by popular department stores. Each retail order is treated as a j
Black_prince [1.1K]

Answer:

Unitary cost= $30

Explanation:

Giving the following information:

Material costs for a selected job are $900 for a batch of 30 suit coats (units).

<u>To calculate the unitary cost, we need to use the following formula:</u>

unitary cost= total batch cost / number of units

unitary cost= 900 / 30

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8 0
3 years ago
The purchasing agent of an organization acquired some raw materials at a bargain price, even though she knew that their quality
pshichka [43]

Answer:

So a favorable material price variance might be more than offset by an adverse usage variance

Explanation:

<em>Material price variance</em>

<em>A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. </em>A favourable variance is recorded where the actual total cost of materials of a given quantity is lower that the standard cost. While an adverse variance implies the opposite

<em>Material usage variance</em>

<em>A material usage variance occurs when the standard quantity required to active a particular level of production is higher or lower than than the actual actual quantity used.</em> A favorable variance would mean than less quantity of materials were  used than the standard to achieve a given output level. And an adverse variance would mean the opposite

<em>Relationship between Usage variance and Price variance</em>

Where savings are made from purchase of cheap and inferior quality materials these  might lead to an adverse usage variance by a greater value .This is so because  workers might need to use a larger quantity ( more than the standard required) of a low-quality materials to achieve production.

So a favourable material price variance might be more than offset by an adverse usage variance

5 0
3 years ago
Read 2 more answers
Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing individual and departmental goa
olasank [31]

Answer:

Information levels

Explanation:

Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing individual and departmental goals, and generating financial analysis across departments and the enterprise as a whole. Ben's duties provide value-added to his company and would be categorized as different information levels

Ben has to manage information on what we can say three different level; individual level which is developing individual goals, team or business unit , which according to the question is departmental goals and generating financial analysis across deparments and on a corporate level, which is the enterprise as a whole which will be reviewed by the executive teamand adding value to the company as a whole.

4 0
3 years ago
Slim made a single deposit of $5,000 in an account that pays 7.2% in 2015. What equal-sized annual withdrawals can Slim make fro
evablogger [386]

Answer:

annual withdrawals is  $1,393.87

Explanation:

given data

Amount Deposited = $5,000

Annual Interest Rate = 7.2%

First withdrawal =  2020

last withdrawal = 2025

solution

we consider equal sized annual withdrawals = x

so we can say that Amount Deposited amount will be as

$5,000 = \frac{x}{(1+0.72)^5} + \frac{x}{(1+0.72)^6} + \frac{x}{(1+0.72)^7} + \frac{x}{(1+0.72)^8} + \frac{x}{(1+0.72)^9} + \frac{x}{(1+0.72)^{10}}       ..........1

we take common here \frac{x}{(1+0.72)^{4}}

so

$5,000 = \frac{x}{(1+0.72)^{4}} \times ( \frac{1}{(1+0.72)^1} + \frac{1}{(1+0.72)^2} + \frac{1}{(1+0.72)^3} + \frac{1}{(1+0.72)^4} + \frac{1}{(1+0.72)^5} + \frac{1}{(1+0.72)^{6}} )      

solve it we get

x = $1,393.87  

so that annual withdrawals is  $1,393.87

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3 years ago
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Option 5

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Content analysis is the well-organized investigation of the content of a manuscript quantitatively or qualitatively.  Content analysis is a analysis procedure practiced to produce replicable and accurate conclusions by evaluating and coding textual element.

A simplistic model of content analysis is sentiment analysis – a routine handled to seize people’s view or approach to an thing, or aspect. Content analysis is valuable in organizational inquiry because it enables researchers to improve and measure the distinctions of organizational practices,societal biases.

8 0
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