Examlex

Solved

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

question 115

Multiple Choice

Drabant 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 2,000 tenant-days, but its actual level of activity was 2,040 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February: Drabant 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 2,000 tenant-days, but its actual level of activity was 2,040 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February:   -The activity variance for administrative expenses in February would be closest to: A)  $248 U B)  $248 F C)  $12 U D)  $12 F
-The activity variance for administrative expenses in February would be closest to:


Definitions:

Private Brands

Products that are owned by a retailer or a supplier but are sold under a retailer's brand.

Penetration Pricing

A pricing strategy where the price of a product is initially set low to rapidly reach a wide fraction of the market and stimulate product adoption.

Above-market Pricing

Setting the price of a product or service higher than the prevailing market price, often as a strategy to signal superior quality or exclusivity.

Swedish Company

A business entity that is registered and operates within Sweden, adhering to the country's regulatory and business environment.

Related Questions