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A corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. Durin May,

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A corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. Durin May, the company budgeted for 7200 units, but its actual level of activity was 7150 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 Fixed element Variable per month element per unit $ 34.70 Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses $ 0 o 42,000 26,000 $68.000 $ 6.70 13.20 2.20 0.70 $ 22.80 Actual results for May: Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses The revenue variance for May would be closest to: $249.300 $48,110 $95,680 $46,000 $30,520 $540 F 0 $1195 U $540 U O $1195 F

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