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AysviL [449]
3 years ago
13

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 4,900 tenant-days, but its actual level of activity was 4,930 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 - $ 35.40
Wages and salaries $ 2,100 $ 8.80
Food and supplies 1,300 15.30
Facility expenses 7,700 4.30
Administrative expenses 6,200 0.10
Total expenses $ 17,300 $ 28.50

Actual results for March:
Revenue $ 150,135
Wages and salaries $ 28,680
Food and supplies $ 77,130
Facility expenses $ 28,225
Administrative expenses $ 7,108

The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for March would be closest to:
Business
1 answer:
ankoles [38]3 years ago
3 0
120.000 that’s what it should be
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Answer:

(1) Pe =0.3Pm + 0.15 Pa

Pm = 0.7Pe + 0.2 Pm + 0.3 Pa

Pa = 0.3 Pe + 0.5Pm +0.55 Pa

(2) The free variable Pa = 100

Explanation:

Solution

We create a table of outputs using the given percentages economy distribution

Energy         Manufacturing       agriculture     Purchased by

0                       0.3                       0.15                 energy

0.7                    0.2                       0.3                  manufacturing

0.3                    0.5                       0.55                Agriculture

Let Pe Pm, Pa represent the prices for each sector

We then create an income equation using the expenses of the table above

Now,

Pe =0.3Pm + 0.15 Pa

Pm = 0.7Pe + 0.2 Pm + 0.3 Pa

Pa = 0.3 Pe + 0.5Pm +0.55 Pa

Note: Kindly find an attached copy of part of the solution to the given question and complete question to of this exercise below

3 0
3 years ago
Kanye, Eddie, Jaco, and Danny are trying to form a band. They each have some basic skills on most instruments, so their current
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Answer:

I don't understand...

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What is the impact on the total asset turnover ratio if sales increase significantly while there is no change in any of the othe
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Answer:

The total turnover increases

Explanation:

Asset Turnover Ratio is a measure of how efficient the assets of a company is when compared with the company's sales or revenue. To calculate Asset turnover ration, the<u> net sales is set as a percentage of the company's total assets. </u>

The higher the turnover of the asset based on the calculation then the higher the chances that organisation is generating revenue efficiently from its assets.  A lower turnover however is the implication that the company is not efficiently using its assets and it could imply some internal issues.

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2 years ago
Taylor is a procurement specialist for Hillside Corporation. He is reviewing contracts, and notices a pattern between three part
aleksandr82 [10.1K]

Answer:

B

Explanation:

Bid rotation is when contractors collude and  take turns in winning a bid. Colluding contractors submit bids but take turns being the low bidder.

Bid-tailoring is when an employee in collusion with a contractor tailors bid specifications to give an unfair advantage to a certain contractor.

Complementary bids are bids intended only to give the appearance of a genuine bid. Colluding  bidders submit higher priced or deliberately defective bids to in order to ensure the selection of the designated winner at inflated prices.  

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3 years ago
nformation taken from a Sears, Roebuck and Company annual report follows. December 31 Long-Term Debt ($ in millions) Year 2 Year
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Answer:

The interest expense company recorded during Year 2 on the 7% debentures is $27,535,600

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As the interest expense is different from the interest payment made on the debenture. It also includes some other costs. Effective interest rate includes the effects of all related costs of debentures. So the interest expense of a debenture will base the effective interest rate of the debenture.

We can calculate the Interest expense on 7% debtures as below

Interest Expense = Value of Debenture x Effective interest rate

Interest Expense = $188,600,000 x 14.6%

Interest Expense = $27,535,600

5 0
3 years ago
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