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Galante Kennel uses tenant-days as its measure of activity; ananimal housed in the kennel for one d

Galante Kennel uses tenant-days as its measure of activity; ananimal housed in the kennel for one d

Galante Kennel uses tenant-days as its measure of activity; ananimal housed in the kennel for one day is counted as onetenant-day. During May, Kennel budgeted for 3,900 tenant-days, butits actual level of activity was 3,880 tenant-days. Kennel hasprovided the following data concerning the formulas used in itsbudgeting and its actual results for May:Data used in budgeting:Fixedelementper monthVariableelement per tenant-day  RevenueAc€??$30.40      Wages andsalaries$2,900$6.40      Food andsupplies30011.20      Facilityexpenses7,9003.40      Administrativeexpenses  7,7000.40      Total expenses$18,800$21.40     Actual results for May:  Revenue$107,680    Wages andsalaries$23,490    Food andsupplies$36,789    Facilityexpenses$19,240    Administrativeexpenses$9,138  The overall revenue and spending variance (i.e., the variancefor net operating income in the revenue and spending variancecolumn on the flexible budget performance report) for May would beclosest to:$2,723 F$2,903 U$2,723 U$2,903 F