Dily Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: - Sales are budgeted at $310,000 for November, $330,000 for December, and $230,000 for January. - Collections are expected to be 60% in the month of sale and 40% in the month following the sale. - The cost of goods sold is 70% of sales, - The company desires to have an ending merchandise inventory at the end of each month equal to 90% of the next month's cost of goods soid. Payment foc merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cast are $23,100. - Monthly depreciation is $31,000. - Ignore taxes. Dinham Kennet uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March. the kennel budgeted for 4,600 tenant-days, but its actual level of activity was 4,670 tenant-days. The kennel has provided the following data. concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: Actual results for March: The revenue vartance for March would be closest to