Galante 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, Kennel budgeted for 3,100 tenant-days, but its actual level of activity was 3,080 tenant-days. Kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May:

Data used in budgeting:

	Fixed element per month	Variable element per tenant-day
Revenue		$29.60
Wages and salaries	$2,100	$5.60
Food and supplies	300	10.40
Facility expenses	7,100	2.60
Administrative expenses	6,900	0.20
Total expenses	$16,400	$18.80

Actual results for May:

Revenue	$106,630
Wages and salaries	$23,410
Food and supplies	$36,781
Facility expenses	$19,160
Administrative expenses	$9,122

The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for May would be closest to:

$1,293 U

$1,077 F

$1,077 U

$1,293 F

Galante 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, Kennel budgeted for 3,100 tenant-days, but its actual level of activity was 3,080 tenant-days. Kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May Data used In budgeting: Fixed element Variable element per month per tenant-day Revenue $29.60 Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses 300 7.100 6,900 $16,400 $5.60 10.40 2.60 0.20 Actual results for May Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses 106,630 $23,410 $19.160 The overall revenue and spending variance (ie, the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for May would be closest to: O $1.293 U $1,077 F O $1,077 U $1,293 F