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

question 265

Multiple Choice

Clore 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 March, the kennel budgeted for 2,900 tenant-days, but its actual level of activity was 2,920 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March:

Data used in budgeting:
Actual results for March:
-The spending variance for facility expenses in March would be closest to:

• A)$730 U
• B)$730 F
• C)$820 U
• D)$820 F

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Definitions:

Newspaper Ad

An advertisement placed in a newspaper to promote products, services, or to convey messages to a large audience.

Follow-up Poll

A subsequent survey conducted to assess changes in opinions or behaviors after an initial poll.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect, serving as the default position to be tested against an alternative hypothesis.

Alternative Hypothesis

In hypothesis testing, the hypothesis that proposes a difference or relationship exists between two variables, as opposed to the null hypothesis.