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Marsee 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 2,500 tenant-days, but its actual level of activity was 2,510 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 spending variance for expendables in June would be closest to:
Labor Force Participation Rate
The labor force as a percentage of the adult population.
Adult Population
The adult population consists of all individuals in a certain region or country who are considered adults, typically based on achieving a specific legal age of majority.
Looking for Work
The activity of actively seeking employment or trying to find a job.
Frictional Unemployment
Short-term unemployment occurring when people are between jobs or entering the workforce for the first time.
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