Dinham 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 March, the kennel budgeted for 5,400 tenant-days, but its actual level of activity was 5,450 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: Fixed element per month Variable element per tenant-day Revenue - $ 35.90 Wages and salaries $ 2,600 $ 9.30 Food and supplies 1,800 15.80 Facility expenses 8,200 4.80 Administrative expenses 6,700 0.60 Total expenses $ 19,300 $ 30.50 Actual results for March: Revenue $ 172,325 Wages and salaries $ 28,730 Food and supplies $ 87,530 Facility expenses $ 34,975 Administrative expenses $ 7,113 The revenue variance for March would be closest to:

Multiple Choice

• $21,535 U

• $23,330 U

• $23,330 F

• $21,535 F