During March, the kennel budgeted for 4,600 tenant-days, but its actual level of activity was 4,670 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue - $35.10 Wages and salaries$3,500 $8.50 Food and supplies 1,000 15.00 Facility expenses 9,000 4.00 Administrative expenses 7,500 0.40 Total expenses$21,000 $27.90 Actual results for March: Revenue$143,330 Wages and salaries$28,650 Food and supplies$71,345 Facility expenses$27,130 Administrative expenses$7,105 The overall revenue and spending variance (i. e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for March would be closest to: Multiple Choice $3,020 F $3,524 F $3,020 U $3,524 U Next