Kari 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 May, the kennel budgeted for 3,200 tenant-days, but its actual level of activity was 3,230 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: 
Actual results for May: 
The facility expenses in the flexible budget for May would be closest to:
Definitions:
Strip Bond
A financial instrument resulting from the separation of the coupon payments and the principal of a regular bond, where each part is sold separately as a zero-coupon bond.
Market Yield
The return on investment for a security anticipated in the marketplace, reflecting its current price and income it generates.
Compounded Semi-Annually
Interest calculation method where the interest is added to the principal balance twice a year, leading to interest on interest.
Market Rate
The prevailing interest rate available in the marketplace, often used as a benchmark for setting loan or investment interest rates.
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