Asked by Sallye Ferguson on May 07, 2024
Verified
The total expenses in the flexible budget for October would have been closest to:
A) $149,200
B) $141,200
C) $130,029
D) $147,600
Total Expenses
The aggregate amount of all costs incurred by a business during a specific period.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity, providing a more useful tool for performance evaluation.
- Distinguish and assess different financial commitments and gains within fixed and malleable budgeting schemes.
- Identify the distinctions between planned and adaptable budgets.
- Assess the strategy for budgeting across different time intervals and operational elements.
Verified Answer
AZ
alejandro zelaya
May 13, 2024
Final Answer :
A
Explanation : 
Reference: CH09-Ref17
Grohs 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 December, the kennel budgeted for 2,500 tenant-days, but its actual level of activity was 2,530 tenant-days.The kennel has provided the following data concerning the formulas to be used in its budgeting:
Reference: CH09-Ref17Grohs 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 December, the kennel budgeted for 2,500 tenant-days, but its actual level of activity was 2,530 tenant-days.The kennel has provided the following data concerning the formulas to be used in its budgeting:
Learning Objectives
- Distinguish and assess different financial commitments and gains within fixed and malleable budgeting schemes.
- Identify the distinctions between planned and adaptable budgets.
- Assess the strategy for budgeting across different time intervals and operational elements.
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