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QUESTION 16 4 points Save Answer Figliola Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 6,700 units, but its actual level of activity was 6,680 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for October: Fixed element per month Variable element per unit Data used in budgeting Revenue S27.30 $5.50 8.20 1.80 0.20 $15.70 $0 Direct labor Direct materials Manufacturing overhead Selling & administrative expenses Total expenses Actual results for month Revenue Direct labor Direct materials Manufacturing overhead Selling & administrative expenses The direct materials in the flexible budget for October would be closest to 40,300 20,900 $61,200 $174,274 $35,970 $54,906 $53,744 $22,846 $55,070 $54,742 $54,940 $54,776