Pong 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 Deco the kennel budgeted for 2.000 tenant-days, but its actual level of activity was 1,900 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Fixed Variable element element per per month tenant-day Revenue $32.50 Wages and salaries........... $3,500 $5.50 Expendables... ........... 800 10.70 Facility expenses............ 8,700 3.00 Administrative expenses....... 6.500 0.40 Total expenses................. $12.500 $19.60 Actual results for December: Revenue. $66,320 Wages and salaries. .. $14,460 Carvas > XCIO @ Actual results for December: Revenue...... $66,320 Wages and salaries............... $14,460 Expendables... $21,826 Facility expenses.. $14,330 Administrative expenses....... $7.622 The net operating income in the flexible budget for December would be closest to: $8,001 $8,164 $6.042 $6,300 Previous