Paulis 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 february, the kennel budgeted for 4,000 tenant-days, but its actual level of activity was 3,980 tenant-days. the kennel has provided the following data concerning the formulas used in its budgeting and its actual results for february: data in budgeting fixed element per month variable element per tenant-day revenue - $30.50 wages and salaries $3,000 $6.50 food and supplies 400 11.30 facility expenses 8,000 3.50 administrative expenses 7,800 0.50 total expenses $19,200 $21.80 actual results for february: revenue $107,780 wages and salaries $23,500 food and supplies $36,790 facility expenses $19,250 administrative expenses $9,140 the net operating income in the planning budget for february would be closest to:

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

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Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive