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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

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The Miller family owns and operates an interior decorating business. Henry installs hardwood floors and chair rails; Chloe reuph
oksian1 [2.3K]

Answer:

A. specialization.

Explanation:

Specialization refers to dividing the job in different tasks and assigning a person to perform each one which makes that each person becomes an expert in the specific area. This could help to increase productivity, especially in manufacturing. This is the process the Miller family uses because they have divided the tasks and assigned each of them to a person.

4 0
3 years ago
Which pair is an example of products in complementary (joint) demand?
Travka [436]
Answer: B) cars and petrol
4 0
3 years ago
Gundy Company expects to produce 1,207,200 units of Product XX in 2017. Monthly production is expected to range from 75,600 to 1
kenny6666 [7]

Answer and Explanation:

The preparation of the flexible manufacturing budget is presented below:

                                              Activity level    

Finished units                 75,600            96,600           117,600

                                                      (75,600 + 21,000)      

Variable costs    

Direct materials($3) $226,800 $289,800 $352,800

Direct labor ($7)          $529,200 $676,200 $823,200

Overhead ($10)         $756,000       $966,000       $1,176,000

Total variable costs $1,512000       $1,932,000      $2,352,000

Fixed costs    

Depreciation [($4 ×  1,207,200) ÷  12] $402,400    $402,400   $402,400  

Supervision [($1 ×  1,207,200) ÷  12]     $100,600     $100,600   $100,600

Total fixed costs     $503,000           $503,000          $503,000

Total costs            $2,015,000          $2,435,000       $2,855,000

We simply added the total variable and total fixed cost so that the total cost could come and the same is shown above

5 0
3 years ago
A firm is weighing three capacity alternatives: small, medium, and large job shop. Whatever capacity choice is made, the market
Dvinal [7]

Answer:

<u>Since expected payoff for large job shop option is highest, firm should make large job shop option as capacity choice</u>

Explanation:

Expected payoff of any capacity alternative

= Probability of moderate acceptance x Payoff of moderate acceptance + Probability of strong acceptance x Payoff of strong acceptance

= 0.40 x Payoff of moderate acceptance + 0.60 x Pay off of strong acceptance

Thus Pay off for small job shop option

= 0.40 x 24000 + 0.6 x 54000

= 9600 + 32400

= $42,000

Pay off for medium job shop option

= 0.40 x 20000 + 0.60 x 64000

= 8000 + 38400

= $ 46,400

Pay off for large job shop option

= - 0.40 x 2000 + 0.60 x 96000

= - 800 + 57600

= $56,800

7 0
3 years ago
Deadweight loss is the a. decline in government revenue when taxes are reduced in a market. b. decline in consumer surplus when
Marat540 [252]

Answer:

D, decline in total surplus that results from a tax.

Explanation:

Dead-weight loss is also known as excess burden. It is a situation where in there is a loss of economic sufficiency as a result of tax.

This economic sufficiency is when the supply of goods and services aren't met. That is, there is no market equilibrium between demand and supply. Taxes, subsidies, price rise or fall can be the reason for dead-weight loss as it causes the imbalance of demand and supply of goods or services to the consumers through price manipulations.

To calculate dead-weight loss, change in price as well as change in quantity demanded are important factors to consider.

Cheers.

3 0
3 years ago
Read 2 more answers
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