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 planning budget for February would be closest to:

rev: 06_30_2020_QC_CS-208650

Multiple Choice

• $11,560

• $19,930

• $11,686

• $20,024