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Smithj 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 February, the kennel budgeted for 3, 500 tenant-days, but its actual level of activity was 3, 490 tenant-days.The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Actual results for February:
The revenue variance for February would be closest to:
Insured
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A business that sells, solicits, or negotiates insurance policies on behalf of insurers.
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Insurance Coverage
A contractual agreement in which one party receives financial protection or reimbursement against losses from an insurance company.
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