Rhed 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 December, the kennel budgeted for 4,450 tenant-days, but its actual level of activity was 4,400 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: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Fixed element Variable element per month per tenant-day $ 0 $ 35.40 $ 3,700 $ 9.20 2,150 14.40 9,700 5.90 7,700 0.50 $ 23,250 $ 30.00 Actual results for December: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $ 154,960 $ 44,465 $ 64,405 $ 35,835 $ 8,745 The activity variance for administrative expenses in December would be closest to: Olinick Corporation is considering a project that would require an investment of $289,000 and would last for 8 years. The incremental annual revenues and expenses generated by the project during those 8 years would be as follows (Ignore income taxes.): $ 254,000 24,000 230,000 Sales Variable expenses Contribution margin Fixed expenses: Salaries Rents Depreciation Total fixed expenses Net operating income 27,000 40,000 35,000 102,000 $ 128,000 The scrap value of the project's assets at the end of the project would be $17,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to: (Round your answer to 1 decimal place.) Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,500 client-visits, but its actual level of activity was 4,480 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses Fixed element Variable element per month per client-visit $ 0 $ 36.50 $ 28,500 $ 12.50 1,400 6.50 10,400 1.00 7,500 0.10 $ 47,800 $ 20.10 Actual results for January: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses $ 129,000 $ 70,010 $ 21,010 $ 13, 180 $ 7,430 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 January would be closest to