managerial accounting net operating income 415961
Tolentino 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 November, the kennel budgeted for 4,600 tenant days, but its actual level of activity was 4,630 tenant days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for November:
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| Fixed element per month | Variable element per tenant day | |
| Revenue | ? | $33.50 |
| Wages and salaries | $3,400 | $7.60 |
| Expendables | 1,100 | 11.90 |
| Facility expenses | 8,900 | 3.20 |
| Administrative expenses |
9,700 |
0.40 |
| Total expenses |
$23,100 |
$23.10 |
|
Actual results for November: |
| Revenue | $149,905 |
| Wages and salaries | $38,028 |
| Expendables | $57,553 |
| Facility expenses | $19,730 |
| Administrative expenses | $10,555 |
| The net operating income in the flexible budget for November would be closest to: |
| A. | $48,152 |
| B. | $25,052 |
| C. | $47,840 |
| D. | $24,740 |
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