1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Softa [21]
3 years ago
8

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 4,700 tenant-days, but its actual level of activity was 4,780 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 - $ 35.20 Wages and salaries $ 3,600 $ 8.60 Food and supplies 1,100 15.10 Facility expenses 7,500 4.10 Administrative expenses 7,600 0.50 Total expenses $ 19,800 $ 28.30 Actual results for March: Revenue $ 144,230 Wages and salaries $ 28,660 Food and supplies $ 74,070 Facility expenses $ 27,220 Administrative expenses $ 7,106 The spending variance for food and supplies in March would be closest to:
Business
1 answer:
djverab [1.8K]3 years ago
4 0

Answer:

The spending variance for food and supplies in March would be closest to $122 U

Explanation:

In order to calculate the spending variance for food and supplies in March we would have to use the following formula:

Spending variance = Budgeted cost - Actual cost

Budgeted facility expenses for actual tenant days = $7,500 + (4780*$4.10) Budgeted facility expenses for actual tenant days =$27,098

Actual facility expenses = $27,220

Therefore, Spending variance = $27,098 - $27,220 = $122 U

Spending variance = $122 U

The spending variance for food and supplies in March would be closest to $122 U

You might be interested in
Difference between judgement and intuition​
Olegator [25]

Answer: Judgment is a conscious act and involves reasoning. Intuition is the ability to acquire knowledge without inference or the use of reason. It's automatic without requiring thought. Think of how with experience to something, you can automatically react to a situation because your mind has internalised a response.

Explanation:

5 0
4 years ago
Mack writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the
Minchanka [31]

Answer:

Explanation:

Mack, Marianne, and Martin

Explanation:

From the question, we are informed about, Mack who writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the check to her masseuse, Janet, in exchange for a neck massage. Without indorsing the check, Janet gives the check to Martin, her newspaper carrier in payment for the next four month's delivery charges. Martin indorses with a special indorsement and negotiates the check to his church, St. Mark. The church indorses the check and deposits it in its bank account. If Mack's bank later dishonors the check. In this case St. Mark's may look for recovery from Mack, Marianne, and Martin. This is because the check was endorsed by three of them and as a result of this anything that happened to the check may be it's not been accepted or other things, they will be held responsible for it since they signed at the back of the check.

5 0
3 years ago
Which of the following items is an example of an overhead expense?: (A)Rent on a factory. (B)Electricity, most of which is used
andreev551 [17]
A, the rent. If confused between A and B, remember that electricity is a cost that can fluctuate over the amount of business, as well as C and D.
5 0
3 years ago
A 20-year annuity of forty $7,000 semiannual payments will begin 10 years from now, with the first payment coming 10.5 years fro
nika2105 [10]

Answer:

The value after 4 years = $59,079.75

Explanation:

To calculate the value of the annuity in four years from now

we first calculate the Present value of the annuity pretending we are at the beginning of the payment year

Pv =  C[1-1/(1+r)^t]/r

c= $7,000

r = 11% /2 = 0.055

t= 20 *2 = 40

Pv = 112,322.87

Then we make the Pv in 10 years the total amount the investment

A = P(1+r)^t

A = 112,322.87

r = 0.055

t= 10*2 =20

P = 38496.30

After getting the Principal amount of the investment then we can get the value after 4 years making

n = 4*2 =8

A = $59079.75

7 0
3 years ago
Cadion co. owned a controlling interest in knieval inc. cadion reported sales of $420,000 during 2011 while knieval reported $28
artcher [175]
Owned A Controlling Interest In Knieval Inc. Cadion Reported Sales Of ... Of this amount, twenty-five percent was still in ending inventory at year's end.
7 0
3 years ago
Other questions:
  • The primary purpose of the requirements analysis phase is to ________. eliminate obviously nonsensible projects before forming a
    7·1 answer
  • Which of the following is FALSE about the leader–member exchange (LMX) model of leadership?a. The LMX focuses only on the behavi
    13·1 answer
  • Both Krugman’s and Lucas’ papers explored inequality. Krugman discussed individual workers while Lucas discussed inequality amon
    13·1 answer
  • There are 4 households in a locality. The annual income of the first household is $20,000, the annual income of the second house
    6·1 answer
  • Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisio
    14·1 answer
  • When attempting to arrive at an ethical decision, one of the first questions you should ask is ___________
    6·1 answer
  • 3M Company executives were perplexed when the company's Scotch-Brite floor-cleaning product initially produced lukewarm sales in
    6·1 answer
  • Acme Company has variable costs equal to 30% of sales. The company is considering a proposal that will increase sales by $12,000
    9·1 answer
  • The following information applies to the questions displayed below.
    10·1 answer
  • The historical cost principle requires that when assets are acquired, they be recorded at
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!