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Loving Daycare Center uses days of daycare as its measure of activity. For the month of August, Loving budgeted that the
Posted: Sun Jul 03, 2022 4:14 pm
by answerhappygod
- Loving Daycare Center Uses Days Of Daycare As Its Measure Of Activity For The Month Of August Loving Budgeted That The 1 (295.91 KiB) Viewed 11 times
Loving Daycare Center uses days of daycare as its measure of activity. For the month of August, Loving budgeted that they would have children enrolled for 4,300 days, but they actually provided 4,360 days of daycare. Loving's accountant has determine that the following data should be used in its budgeting: Revenue Personnel expenses Supplies Facility rent and insurance Administrative expenses Total expenses Fixed per month $0 $ 37,200 3,200 8,400 7,200 $ 56,000 Variable per day of daycare $ 41.20 $ 12.40 9.20 3.20 0.50 $ 25.30 For the month of August, calculate Loving Daycare Centers activity variance for net operating income: