Virgen Kennel uses tenant-days as its measure of activity, an animal housed in the kennel for...

 

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Virgen 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 3.700 tenant-days, but its actual level of activity was 3,690 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 Wages and salaries $ 26.40 $2,500 $ 6.10 Food and supplies 1,300 9.70 Facility expenses 8,600 2.60 Administrative expenses 6.800 0.40 Total expenses $19.200 $ 18.80 Actual results for May Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $92,626 $23,919 $37,833 $18.594 $8.386) The net operating income in the planning budget for May would be closest to: Virgen 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 3.700 tenant-days, but its actual level of activity was 3,690 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 Wages and salaries $ 26.40 $2,500 $ 6.10 Food and supplies 1,300 9.70 Facility expenses 8,600 2.60 Administrative expenses 6.800 0.40 Total expenses $19.200 $ 18.80 Actual results for May Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $92,626 $23,919 $37,833 $18.594 $8.386) The net operating income in the planning budget for May would be closest to: