Variance for net operating income in the revenue

Reference no: EM133424654

Question: Dinham 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 5000 tenant-days, but its actual level of activity was 5,030 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 0 $ 35.50

Wages and Salaries $ 2200 $ 8.90

Facility Expense $ 1400 $ 15.40

Food And supplies $7800 $ 4.40

Administrative Expense $ 7800 $ 0.20

Total Expense $ 17700 $28.90

Actual Result for March:

Revenue $151,125

Wages and Salaries $28,690

Food and supplies $79,225

Facility expense $29,130

Administrative expense $7,109

The Overall Revenue and spending (i.e., the variance for net operating income in the revenue and spending Variance column on the flexible budget performance for march would be closest to:

Reference no: EM133424654

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