Hubbard Kennel Uses Tenant-Days as Its Measure of Activity; an Animal

question 123

Multiple Choice

Hubbard 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 January, the kennel budgeted for 2,100 tenant-days, but its actual level of activity was 2,060 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting:
Actual results for January:
The facility expenses in the flexible budget for January would be closest to:

• A) $14,157
• B) $14,712
• C) $15,170
• D) $15,062

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Definitions:

Future Holder

A future holder refers to an entity or individual who will hold a right, position, or property at a future date.

Fee Simple Absolute

An ownership interest in which the holder has exclusive rights to ownership and possession of the land to the holder; the most comprehensive type of estate.

Conditional Estate

A type of property ownership that is subject to certain conditions or requirements being met.

Condition

A provision in a contract or agreement that stipulates a specific event or action must occur before the contract is considered effective or a duty is triggered.