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 3,400 tenant-days, but its actual level of activity was $3.460$ 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:
Actual results for March:
The spending variance for facility expenses in March would be closest to:
Related questions
Galante Kennel uses tenant-days as its measure of activity; ananimal housed in the kennel for one day is counted as onetenant-day. During May, Kennel budgeted for 4,500 tenant-days, butits actual level of activity was 4,480 tenant-days. Kennel hasprovided the following data concerning the formulas used in itsbudgeting and its actual results for May: |
Data used in budgeting:
| Fixedelement per month | Variableelement per tenant-day | |
| Revenue | â | $31.00 |
| Wages andsalaries | $3,500 | $7.00 |
| Food andsupplies | 900 | 11.80 |
| Facilityexpenses | 8,500 | 4.00 |
| Administrativeexpenses | 8,300 | 0.40 |
| Total expenses | $21,200 | $23.20 |
Actual results for May:
| Revenue | $108,280 |
| Wages andsalaries | $23,550 |
| Food andsupplies | $36,795 |
| Facilityexpenses | $19,300 |
| Administrativeexpenses | $9,150 |
The net operating income in the planning budget for May would beclosest to:
$13,900
$19,391
$19,485
$13,744
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| Landram Corporation makes aproduct with the following standard costs: |
| StandardQuantity or Hours | Standard Priceor Rate | |
| Directmaterials | 2.0liters | $7.00 perliters |
| Direct labor | 1.5hours | $15.00 perhour |
| Variableoverhead | 1.5hours | $3.00 perhour |
The company produced 4,500 units in April using 10,210 liters ofdirect material and 2,190 direct labor-hours. During the month, thecompany purchased 10,780 liters of the direct material at $7.20.per liter. The actual direct labor rate was $15.60 per hour and theactual variable overhead rate was $2.90 per hour. |
| The company applies variable overhead on the basis of directlabor-hours. The direct materials purchases variance is computedwhen the materials are purchased. |
| The materials quantity variancefor April is: |
$8,470 U
$8,712 U
$8,712 F
$8,470 F
David Corporation uses the weighted-average method in itsprocess costing system. The first processing department, theWelding Department, started the month with 22,000 units in itsbeginning work in process inventory that were 80% complete withrespect to conversion costs. The conversion cost in this beginningwork in process inventory was $128,200. An additional 75,000 unitswere started into production during the month. There were 20,000units in the ending work in process inventory of the WeldingDepartment that were 10% complete with respect to conversion costs.A total of $404,250 in conversion costs were incurred in thedepartment during the month. What would be the cost per equivalentunit for conversion costs for the month? (Round your finalanswer to 3 decimal places.) |
rev: 03_09_2015_QC_CS-10038
$6.915
$7.099
$5.117
$6.740
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Galante Kennel uses tenant-days as its measure of activity; ananimal housed in the kennel for one day is counted as onetenant-day. During May, Kennel budgeted for 4,300 tenant-days, butits actual level of activity was 4,280 tenant-days. Kennel hasprovided the following data concerning the formulas used in itsbudgeting and its actual results for May: |
Data used in budgeting:
| Fixedelement per month | Variableelement per tenant-day | |
| Revenue | â | $30.80 |
| Wages andsalaries | $3,300 | $6.80 |
| Food andsupplies | 700 | 11.60 |
| Facilityexpenses | 8,300 | 3.80 |
| Administrativeexpenses | 8,100 | 0.20 |
| Total expenses | $20,400 | $22.40 |
Actual results for May:
| Revenue | $108,080 |
| Wages andsalaries | $23,530 |
| Food andsupplies | $36,793 |
| Facilityexpenses | $19,280 |
| Administrativeexpenses | $9,146 |
The overall revenue and spending variance (i.e., the variancefor net operating income in the revenue and spending variancecolumn on the flexible budget performance report) for May would beclosest to: |
$3,611 F
$3,611 U
$3,779 U
$3,779 F
20.
Galante Kennel uses tenant-days as its measure of activity; ananimal housed in the kennel for one day is counted as onetenant-day. During May, Kennel budgeted for 4,600 tenant-days, butits actual level of activity was 4,580 tenant-days. Kennel hasprovided the following data concerning the formulas used in itsbudgeting and its actual results for May: |
Data used in budgeting:
| Fixedelement per month | Variableelement per tenant-day | |
| Revenue | â | $31.10 |
| Wages andsalaries | $3,600 | $7.10 |
| Food andsupplies | 200 | 11.90 |
| Facilityexpenses | 8,600 | 4.10 |
| Administrativeexpenses | 8,400 | 0.50 |
| Total expenses | $20,800 | $23.60 |
Actual results for May:
| Revenue | $108,380 |
| Wages andsalaries | $23,560 |
| Food andsupplies | $36,796 |
| Facilityexpenses | $19,310 |
| Administrativeexpenses | $9,152 |
The net operating income in the planning budget for May would beclosest to:
a. $19,562
b. $13,700
c. $19,468
d. $13,550
27.
Fogle Florist specializes in large floral bouquets for hotelsand other commercial spaces. The company has provided the followingdata concerning its annual overhead costs and its activity basedcosting system: |
| Overhead costs: | |
| Wages andsalaries | $122,000 |
| Other expenses | 93,000 |
| Total | $215,000 |
| Distribution of resource consumption: | ||||
| Activity Cost Pools | ||||
| Making Bouquets | Delivery | Other | Total | |
| Wages andsalaries | 50% | 35% | 15% | 100% |
| Other expenses | 30% | 50% | 20% | 100% |
The "Other" activity cost pool consists of the costs of idlecapacity and organization-sustaining costs. |
| The amount of activity for theyear is as follows: |
| Activity CostPool | Activity |
| Making bouquets | 63,500bouquets |
| Delivery | 16,300deliveries |
What would be the total overhead cost per delivery according tothe activity based costing system? In other words, what would bethe overall activity rate for the deliveries activity cost pool?(Round to the nearest whole cent.) |
a. $5.04 per delivery
b. $5.47 per delivery
c. $6.33 per delivery
d. $3.76 per delivery
