Vanderhyde Kennel uses tenant-days as its measure of activity; an animal housed
ID: 2575655 • Letter: V
Question
Vanderhyde 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 May, the kennel budgeted for 3,300 tenant-days, but its actual level of activity was 3,340 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May:
Vanderhyde 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 May, the kennel budgeted for 3,300 tenant-days, but its actual level of activity was 3,340 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May:
Data used in budgeting: Fixed element per month Variable element per tenant day Revenue $36.00 Wages & Salaries $3,500 $7.20 Foods & Supplies $1,500 $13.30 Facility Expenses $9,500 $4.70 Administrative Expenses $6,800 $0.40 Total Expenses $21,300 $25.60 Actual results for the month were: Revenue $124,830 Wages & Supplies $28,818 Foods & Supplies $44,652 Facility Expenses $24,218 Administrative Expenses $7,886 Total Expenses $105,574Explanation / Answer
Nanderhyde Kennel Perfromance Report For the Month Ended May 31 Formula Planning Budget Activity Variances Flexible Budget Spending Variances Actual Results Tenant Days N/A 3300 3340 3340 Revenue $36.00b 118800 1440 F 120240 4590 F 124830 Wages & Salaries $3500 + $7.20b 27260 288 U 27548 1270 U 28818 Foods & Supplies $1500 + $13.30b 45390 532 U 45922 1270 F 44652 Facility expenses $9500 + $4.70b 25010 188 U 25198 980 F 24218 Administrative expenses $6800 + $0.40b 8120 16 U 8136 250 F 7886 Total expenses $21300 + $25.60b 105780 1024 U 106804 1230 F 105574 Net operating income 13020 416 F 13436 5820 F 19256
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