23 33 Trevorrow Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During June, the company budgeted for 6.200 units, but its actual level of activity was 6,160 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for June: Data used in budgeting: Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses Actual results for June: Fixed element Variable element per month $ 0 per unit 50 0 37,200 22,000 $60,000 $27.00 $ 3.10 10.20 1.10 0.30 $14.70 Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses $178,318 $ 18,606 $ 60,652 $43,896 $ 24,688 The overall revenue and spending variance (e, the variance for net operating income in the revenue and spending variance column on the flexible budget performance report for June would be closest to: