Coderre Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July, the company budgeted for 8,000 units, but its actual level of activity was 8,050 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for July:

Data used in budgeting:

	Fixed element per month	Variable element per unit
Revenue		$35.50
Direct labor	$0	$6.10
Direct materials	0	12.10
Manufacturing overhead	37,000	1.80
Selling and administrative expenses	26,800	0.80
Total expenses	$63,800	$20.80

Actual results for July:

Revenue	$284,500
Direct labor	$48,530
Direct materials	$92,330
Manufacturing overhead	$50,000
Selling and administrative expenses	$30,600

The direct materials in the flexible budget for July would be closest to:

$98,690

$96,800

$93,060

$97,405