Paulis 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 February, the kennel budgeted for 4,800 tenant-days, but its actual level of activity was 4,780 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February:

Data used in budgeting:

	Fixed element per month			Variable element per tenant-day
Revenue		-		$	31.30
Wages and salaries	$	3,800		$	7.30
Food and supplies		400			12.10
Facility expenses		8,800			4.30
Administrative expenses		8,600			0.10
Total expenses	$	21,600		$	23.80

Actual results for February:

Revenue	$	108,580
Wages and salaries	$	23,580
Food and supplies	$	36,798
Facility expenses	$	19,330
Administrative expenses	$	9,156

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 February would be closest to:

Garrison 16e Rechecks 2018-08-12

Multiple Choice

• $5,316 U

• $5,316 F

• $5,466 F

• $5,466 U