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
Vadim26 [7]
2 years ago
10

Dog 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 March, the kennel budgeted for 3,100 tenant-days, but its actual level of activity was 3,120 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 - $ 34.00 Wages and salaries $ 2,000 $ 7.00 Food and supplies 1,000 13.50 Facility expenses 7,500 2.50 Administrative expenses 6,000 0.10 Total expenses $ 16,500 $ 23.10 Actual results for March: Revenue $ 104,372 Wages and salaries $ 28,500 Food and supplies $ 44,025 Facility expenses $ 14,900 Administrative expenses $ 7,090 The revenue variance for March would be closest to: Multiple Choice $1,708 F $1,708 U $1,028 U $1,028 F
Business
1 answer:
lara [203]2 years ago
6 0

Answer:

Dog Kennel

The revenue variance for March would be closest to:

= $1,028 U

Explanation:

a) Data and Calculations:

Budgeted kennel tenant-days = 3,100

Actual kennel tenant-days = 3,120

                                    Fixed element   Variable element     Total

                                        per month        per tenant-day

Revenue                                      -                   $ 34.00        $105,400

Wages and salaries         $ 2,000                    $ 7.00          $23,700

Food and supplies               1,000                     13.50            42,850

Facility expenses                7,500                      2.50             15,250

Administrative expenses   6,000                       0.10               6,310

Total expenses             $ 16,500                  $ 23.10            $88,110

Actual results for March:

Revenue                          $ 104,372

Wages and salaries         $ 28,500

Food and supplies          $ 44,025

Facility expenses             $ 14,900

Administrative expenses $ 7,090

Total expenses                $94,515

Revenue variance for March would be closest to: $1,028 U ($105,400 - $104,372)

You might be interested in
Multiple Choice
jenyasd209 [6]
True True true I think
8 0
2 years ago
Which situation best illustrates the effects of inflation?
NNADVOKAT [17]

Answer:

B. A type of shirt that sold for $10 in 2000 costs $15 in 2020  

Explanation:

Inflation is a measure of the rate of rising prices of goods and services in an economy.

3 0
3 years ago
In order to go to college, Hank goes from working full-time making $28,000 per year to working part-time at half the salary for
alina1380 [7]

Answer: C

Explanation: Took the test

6 0
2 years ago
Ray Wilson is Quality Manager of the Tiffin, Ohio, plant of North-West Electric, a manufacturer of electrical components. Some N
Savatey [412]

Answer:

North-West Electric

Quality Department

If Ray decided to delayer his organization, what he would be doing is:

a. Reducing the number of job levels to achieve flexibility in assignments.

Explanation:

Delayering helps to cut some management layers from the organizational structure.  It reduces the administrative costs of running the entire organization.  Delayering helps the organization to make quicker decisions instead of following bureaucratic processes.  It also increases the effectiveness and efficiency of the organization.  Finally, it enables the staff to become more flexible and willing to step outside their established roles.

5 0
3 years ago
On January 1, 2020, Shay Company issues $700,000 of 10%, 15-year bonds. The bonds sell for $684,250. Six years later, on January
Leno4ka [110]

Answer:

Discount on bonds issuance = $15750

Explanation:

A bond is issued at a discount when the issue price of the bond is less than the face value of the bond. This usually happens when the coupon rate paid by the bond is less than the market interest rate. To calculate the amount of discount on bonds issuance, we simply deduct the issue price from the face value of the bond. Thus,

Discount on Bonds = Face value - Issue price

As we know the face value of the bonds is $700000 and the issue price is $684250, we can calculate the discount on issuance to be,

Discount on bonds issuance = 700000 - 684250

Discount on bonds issuance = $15750

7 0
2 years ago
Other questions:
  • Identify the fixed path and variable path material handling equipment commonly found in supermarkets.
    11·1 answer
  • Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production
    10·1 answer
  • Regardless of whether a business uses FIFO, LIFO, or weighted average cost for its inventory costing system, cost of goods avail
    9·1 answer
  • Spending on the war in Afghanistan is essentially categorized as government purchases. How do dcreases in spending on the war in
    8·1 answer
  • If a firm's variable cost per unit estimate used in its base case analysis is $50 per unit and they anticipate the upper and low
    14·1 answer
  • Bricktan Inc. makes three products, basic, classic, and deluxe. The maximum Bricktan can sell is 75,000 units of basic, 420,000
    15·1 answer
  • Mustang Corporation reports the following for the month of April:Finished goods inventory, April 1$32,600 Finished goods invento
    6·1 answer
  • An example of a fixed cost is
    12·2 answers
  • To positively stimulate an economy using fiscal policy, government spending should ______, and taxes should ______.
    13·1 answer
  • If the world price for good a is above the domestic price for good a without trade, then consumer surplus will ________ and prod
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!