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

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

Knapper 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 January, the kennel budgeted for 2,700 tenant-days, but its actual level of activity was 2,740 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting:

	Fixed Element per Month	Variable Element per Tenant-Day
Revenue	$ 0	$ 37.00
Wages and salaries	$ 3,800	$ 6.10
Food and supplies	900	14.90
Facility expenses	9,700	4.80
Administrative expenses	6,600	0.10
Total expenses	$ 21,000	$ 25.90

The net operating income in the flexible budget for January would be closest to: (Round your intermediate calculations to 2 decimal places.)

▸ $9,414

▸ $8,350

▸ $8,600

▸ $8,970

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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