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Barra Inc. uses tenant - days as its measure of activity; a person renting a room for one day is counted as one tenant -
Barra Inc. uses tenantdays as its measure of activity; a person renting a room for one day is counted as one tenantday. During July, the company budgeted for tenantdays, but its actual level of activity was tenantdays. The company has provided the following data concerning the formulas used in its budgeting and its actual results for July:
Data used in budgeting:
Fixed element per month
Variable element per tenantday
Revenue
$
Wages and salaries
$
$
Food and supplies
Facility expenses
Administrative expenses
Total expenses
$
$
Actual results for July:
Revenue
$
Wages and salaries
$
Food and supplies
$
Facility expenses
$
Administrative expenses
$
The revenue variance for July would be closest to:
Group of answer choices
$ F
$ U
$ U
$ F
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