Tolentino 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 November, the kennel budgeted for 3,500 tenant-days, but its actual level of activity was 3,540 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for November: Data used in budgeting Fixed Variable element per element per month tenant-day $30.40 Revenue T Wages and salaries Expendables Facility expenses Administrative expenses Total expenses $2,300 800 7,800 6.400 $17,300 $6.50 10.80 3.30 0.50 $21.10 Actual results for November Revenue Wages and salaries Expendables Facility expenses Administrative expenses $102.416 $24.750 $40,388 $15,340 $7.215 The net operating Income In the flexible budget for November would be closest to: $15,250 $32,922 $32.550 $15,622