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

question 294

Multiple Choice

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:

• A)$640 F
• B)$918 F
• C)$640 U
• D)$918 U

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Definitions:

Mutually Satisfying

Situations or outcomes that meet the needs or desires of all parties involved, often considered the goal of successful negotiations.

Labor Supply

The total hours that workers are willing and able to work at a given wage rate, often considered in economics and labor market analysis.

Temporary Help

Employment services provided for short-term assignments or projects, often facilitated by agencies.

Principal Ways

The main or most important methods or approaches to achieving something.