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Smithj 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

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Smithj 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, 230 tenant-days. The kennel has provided the following data concerning the formulas used its budgeting and its actual results for February. Data used in budgeting: Actual results for February. The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the revenue and spending variances report) for February would be closest to $7, 564 F $7, 564 U $7, 384 F $7, 384 U

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