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 8,400 units, but its actual level of activity was 8,450 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 Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses Variable element per unit $35.90 $6.50 11.90 2.20 $0 0 41,000 27,200 .50 $ 68,200 $21.10 Actual results for July Revenue $302,100 Direct labor Direct materials Manufacturing overhead Selling and administrative expenses $54,310 $99,230 $52,000 $30,640 The spending variance for direct materials in July would be closest to: Multiple Choice $1,325 U $730 U $730 F $1,325 F