Goodfriend 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 June, the kennel budgeted for 2,800 tenant-days, but its actual level of activity was 2,840 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for June:
Data used in budgeting:
Actual results for June: 
-The revenue variance for June would be closest to:
Definitions:
Annual Dividend
The total payment received from a stock or other investment security over the span of a year, often distributed quarterly by the issuing company.
Dividend Increase
An action by a company to raise the amount of dividends paid to its shareholders.
Dividend Growth Rate
The annualized percentage rate of growth that a company's dividend undergoes over a period of time.
Required Rate of Return
The minimum return an investor expects to receive on an investment, considering its risk level.
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