Reference no: EM132605965
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 3,100 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
Question 1: The revenue variance for March would be closest to