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

question 33

Multiple Choice

Kari 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 3,200 tenant-days, but its actual level of activity was 3,230 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 activity variance for administrative expenses in May would be closest to:

• A)$9 U
• B)$81 F
• C)$9 F
• D)$81 U

Comprehend the concepts of crowding in and crowding out in the context of fiscal policy and private investment.

Recognize the effect of fiscal policies on national saving, interest rates, and investment.

Analyze the impact of automatic stabilizers on budget deficits.

Evaluate the relationship between federal budget deficits and trade deficits.

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Definitions:

Private Individuals

Persons who are acting in their own personal capacity and not on behalf of a company, organization, or government.

Employment Decisions

Choices made by employers related to hiring, firing, promoting, demoting, and other employment-related actions.

Business Law

The body of law that governs the rights, relations, and conduct of individuals and businesses engaged in commerce, merchandising, trade, and sales.

Criminal Law

The body of law dealing with crimes against the state or conduct detrimental to society as a whole, prescribing punishment for offenders.