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

question 344

Multiple Choice

Neighbors 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 April, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 2,960 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for April:Data used in budgeting: Actual results for April:
The activity variance for administrative expenses in April would be closest to:

• A) $194 U
• B) $16 U
• C) $16 F
• D) $194 F

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Definitions:

Spearman Rank Correlation Coefficient

A rank correlation metric that does not rely on parametric assumptions to evaluate how effectively a monotonic function describes the connection between two variables.

Ordinal Variables

A type of variable where the order of the values is significant, but the differences between the values are not necessarily consistent.

Interval Variables

Interval variables are a type of quantitative variable that have ordered values with consistent differences but no true zero point, such as temperature in Celsius.

T-Table Values

Values in a table that represent critical values of the t-distribution used in hypothesis testing, dependent on the desired significance level and degrees of freedom.