[CLO-4] Stitt Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During November, the company budgeted for 5,900 units, but its actual level of activity was 5,880 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for November Data used in budgeting: Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative Fixed element per month Variable element per unit expenses Total expenses Actual results for November Revenue $251,552 Direct labor $35,264 Direct materials $95,134 Manufacturing overhead $57,816 $25,404 $40.90 $0 0 $6.30 16.80 49,000 1.20 21.200 0.80 $70.200 $25.10 Selling and administrative expenses The activity variance for selling and administrative expenses in November would be closest to: Selected Answer: $516 F Answers $32 F $332 U $16 F $516 U $32 U $516 F $16 U $332 F