10 Panda Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 7,600 units, but its actual level of activity was 7.550 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May Data used in budgeting: 00:00:00 Fixed cost per month Variable cost per unit $35.10 Revenue Direct labor $ 0 $ 5.70 Direct materials 0 13.10 Manufacturing overhead 33,000. 2.60 Selling and administrative expenses 26,400 4.00 Total expenses $59,400 $25.40 Actual results for May: Revenue $266,200 $ 43,110 Direct labor Direct materials $ 99,990 $ 48,000 Manufacturing overhead Selling and administrative expenses $30,560 The activity variance for direct labor in May would be closest to: S