actual level of Pauls Kennel uses tenant days as its m o re of activity, an animal housed in the kennel for one day is counted as one tenant day. During February, the kennel budgeted for 4200 Bennt days, but activity was 4180 tenant-days. The kennel has provided the following data concerning the formules used in its budgeting and actual results for February Data used in budgeong Fixed element per month Variable element per tenant-day 56.70 11.5e Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for February $ 23,520 Wages and salaries Food and supplies Facility expenses Administrative expenses $ 19,270 The net operating income in the planning budget for February would be closest to Multiple Choice