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

question 76

Multiple Choice

Gordin 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 May, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 3,020 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting:
Actual results for May:
The spending variance for food and supplies in May would be closest to:

• A) $840 U
• B) $840 F
• C) $1,044 F
• D) $1,044 U

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Definitions:

Time Sensitive

Describes tasks, decisions, or processes that require completion within a strict timeframe to avoid negative consequences.

Activity Finish Dates

The scheduled or actual dates on which individual activities or tasks within a project are completed.

Process Manager

A role responsible for overseeing and optimizing the processes within an organization to ensure efficient operation and achievement of business goals.

Standard Deviation

Standard deviation is a statistical measure that indicates the dispersion or variability of a set of data points or values around the mean, used to quantify the amount of variation in a dataset.