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:
	Fixed element per month		Variable element per tenant day
Revenue			$36.00
Wages & Salaries	$3,500		$7.20
Foods & 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 the month were:
Revenue	$124,830
Wages & Supplies	$28,818
Foods & Supplies	$44,652
Facility Expenses	$24,218
Administrative Expenses	$7,886
Total Expenses	$105,574

Vanderhyde Kennel

Performance Report

For the Month Ended May 31

Formula

Planning Budget

Activity Variances

U (Unfav) or F (Fav)

Flexible Budget

Spending Variances

U (Unfav) or F (Fav)

Actual Results (Given)

Tenant Days

n/a

Revenue

Wages & Salaries

Foods & Supplies

Facility Expenses

Administrative Expenses

Total Expenses

Net Operating Income