3 Kekiwl Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports During January, the company budgeted for 6,900 units, but its actual level of activity was 6,910 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for January Data used in budgeting 00:42:50 Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses Fixed Element per Month $0 $0 o 45.900 27.000 572,900 Variable element per unit $39.30 5 3.10 18.90 1.70 0.30 524.00 Actual results for January Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses $281.473 5 20,591 $134,889 $ 57,087 $ 28,063 The net operating income in the flexible budget for January would be closest to 3 Kekiwl Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports During January, the company budgeted for 6,900 units, but its actual level of activity was 6,910 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for January Data used in budgeting 00:42:50 Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses Fixed Element per Month $0 $0 o 45.900 27.000 572,900 Variable element per unit $39.30 5 3.10 18.90 1.70 0.30 524.00 Actual results for January Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses $281.473 5 20,591 $134,889 $ 57,087 $ 28,063 The net operating income in the flexible budget for January would be closest to