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Arkin 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 May, the kennel budgeted for 3,100 tenant-days, but its actual level of activity was 3,070 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May:
Data used in budgeting: Actual results for May:
-The spending variance for expendables in May would be closest to:
Six-figure Accuracy
A level of precision where calculations or measurements are correct to six digits.
Cube Root
The number that produces a given number when cubed. It is the value that, when multiplied by itself three times, gives the original number.
Six-figure Accuracy
Refers to a level of precision in numerical calculations or measurements that includes six digits.
Pair Of Equations
Two equations that are solved together to find a common solution.
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