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Paulis Kennel uses tenant-days as its measure of activity; an animal housed in the kennel...

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Accounting

Paulis 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 4,500 tenant-days, but its actual level of activity was 4,480 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February:

Data used in budgeting:

Fixed element per month Variable element per tenant-day
Revenue $ 0 $ 31.00
Wages and salaries $ 3,500 $ 7.00
Food and supplies 900 11.80
Facility expenses 8,500 4.00
Administrative expenses 8,300 0.40
Total expenses $ 21,200 $ 23.20

Actual results for February:

Revenue $ 108,280
Wages and salaries $ 23,550
Food and supplies $ 36,795
Facility expenses $ 19,300
Administrative expenses $ 9,150

The net operating income in the flexible budget for February would be closest to:

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