Question 17 3 pts Vanderhyde 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, the kennel budgeted for 3,300 tenant-days, but its actual level of activity was 3.340 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Variable Fixed element element per per month tenant-day Revenue $36.00 Wages and salaries $3,500 $7.20 Food and supplies 1,500 13.30 Facility expenses 9,500 4.70 Administrative expenses 6.800 0.40 Total expenses $21.300 $25.60 Actual results for May: Revenue $124,830 Wages and salaries $28,818 Foods and supplies $44,652 Facility expenses $24,218 Administrative expenses $7.886 The net operating income in the planning budget for May would be closest to