Gandrud 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 June, the kennel budgeted for 2,600 tenant-days, but its actual level of activity was 2,580 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting:
-The facility expenses in the flexible budget for June would be closest to:
Definitions:
Delivery Expense
Costs associated with the transportation of goods from the place of production to the destination point or customer.
Shipping Costs
Expenses associated with the transportation of goods from one location to another, often borne by the seller or buyer as per the sales contract.
Single-Step Income Statement
A simplified financial statement that calculates net income by subtracting expenses from revenues in one step.
Net Income
The final amount a company keeps as profit after paying off all expenses and taxes from its revenues.
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