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

question 149

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 overall revenue and spending variance (i.e. ,the variance for net operating income in the revenue and spending variance column on the revenue and spending variances report) for February would be closest to:

• A)$1,055 U
• B)$970 U
• C)$970 F
• D)$1,055 F

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Definitions:

Wages High

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Self-Fulfilling Prophecy

A self-fulfilling prophecy is an outlook or prediction that manifests into reality because of the interaction between belief and action.

Cultural Capital

A term coined by sociologist Pierre Bourdieu referring to non-financial social assets, like education, intellect, style of speech, or dress, that can promote social mobility.

Economic Capital

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