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Solnce55 [7]
2 years ago
6

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

ant-day. During June, the kennel budgeted for 3,600 tenant-days, but its actual level of activity was 3,550 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for June:
Fixed element per month Variable element per tenant day
Revenue _____________ $34,80
Wages and salaries $3900 $6
Expendables 400 9.7
Facility expenses 9400 4.5
Administrative expenses 7400 0.20
Total expenses 21,100 20.40

Actual results for May:
Revenue $73540
Wages and salaries 16170
Expendables 19735
Facility expenses 18125
Administrative expenses 7600

The net operating income in the planning budget for May would be closest to:
a. $9,140
b. $11,626
c. $12,200
d. $8,420

The net operating income in the flexible budget for May would be closest to:
a. $9,140
b. $8,420
c. $11,626
d. $12,200
Business
1 answer:
koban [17]2 years ago
7 0

Answer:

Rippelmeyer Kennel

The net operating income in the planning budget for May would be closest to:

= $30,740.

Explanation:

a) Data and Calculations:

Budgeted tenant-days = 3,600

Actual tenant-days = 3,550

Actual results for May:

Revenue                          $73,540

Wages and salaries         $16,170

Expendables                     19,735

Facility expenses              18,125

Administrative expenses  7,600

Total expenses             $61,630

Net operating income   $11,910

                                    Fixed element     Variable element    Total

                                       per month          per tenant day

Revenue                                                      $34.80           $125,280

Wages and salaries         $3,900                 $6.00            $25,500

Expendables                         400                    9.70              35,320

Facility expenses              9,400                    4.50              25,600

Administrative expenses 7,400                    0.20                  8,120

Total expenses               21,100                   20.40            $94,540

Net Operating Income                                                       $30,740

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Answer:

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Detail calculation is given below.

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Answer:

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Externality is a form of market inefficiency.

Negative externality is when goods are produced privately, but the cost of their purchase is paid for by the taxpayer or some other third party.

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