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 3,600 tenant-days, but its actual level of activity was 3,580 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	$ 0	$ 30.10
Wages and salaries	$ 2,600	$ 6.10
Food and supplies	800	10.90
Facility expenses	7,600	3.10
Administrative expenses	7,400	0.10
Total expenses	$ 18,400	$ 20.20

Actual results for February:

Revenue	$ 107,380
Wages and salaries	$ 23,460
Food and supplies	$ 36,786
Facility expenses	$ 19,210
Administrative expenses	$ 9,132

The net operating income in the planning budget for February would be closest to:

• $17,240

• $18,698

• $17,042

• $18,792

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 5,200 tenant-days, but its actual level of activity was 5,220 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	$ 0	$ 31.70
Wages and salaries	$ 4,200	$ 7.70
Food and supplies	800	12.50
Facility expenses	8,600	4.70
Administrative expenses	7,600	0.50
Total expenses	$ 21,200	$ 25.40

Actual results for February:

Revenue	$ 108,980
Wages and salaries	$ 23,620
Food and supplies	$ 36,802
Facility expenses	$ 19,370
Administrative expenses	$ 9,164

The net operating income in the flexible budget for February would be closest to:

• $20,024

• $19,930

• $11,686

• $11,560

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 4,600 tenant-days, but its actual level of activity was 4,580 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	$ 0	$ 31.10
Wages and salaries	$ 3,600	$ 7.10
Food and supplies	200	11.90
Facility expenses	8,600	4.10
Administrative expenses	8,400	0.50
Total expenses	$ 20,800	$ 23.60

Actual results for February:

Revenue	$ 108,380
Wages and salaries	$ 23,560
Food and supplies	$ 36,796
Facility expenses	$ 19,310
Administrative expenses	$ 9,152

The activity variance for net operating income in February would be closest to:

• $5,862 F

• $150 U

• $150 F

• $5,862 U

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 3,200 tenant-days, but its actual level of activity was 3,180 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	$ 0	$ 29.70
Wages and salaries	$ 2,200	$ 5.70
Food and supplies	400	10.50
Facility expenses	7,200	2.70
Administrative expenses	7,000	0.10
Total expenses	$ 16,800	$ 19.00

Actual results for February:

Revenue	$ 106,980
Wages and salaries	$ 23,420
Food and supplies	$ 36,782
Facility expenses	$ 19,170
Administrative expenses	$ 9,124

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:

• $1,258 F

• $1,258 U

• $1,044 U

• $1,044 F