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

question 213

Multiple Choice

Ordway 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 June, the kennel budgeted for 2,100 tenant-days, but its actual level of activity was 2,070 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for June:

Data used in budgeting:

Actual results for June:

-The facility expenses in the flexible budget for June would be closest to:

• A)$19,941
• B)$19,236
• C)$19,375
• D)$19,380

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Definitions:

Traveler's Checks

A type of check especially designed for travelers to use as a form of payment, which offers the security against loss or theft by requiring signatures for cashing.

Coins

Pieces of metal that are officially minted and used as money in financial transactions.

Public

The general populace or the community at large, often used in the context of government, policy, or matters of state.

M1

A category of the money supply that includes all physical money, such as coins and currency, as well as demand deposits and other liquid assets held by the central bank.