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 7,500 units, but its actual level of activity was 7,450 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	Variable element per unit
Revenue		$35.00
Direct labor	$0	$5.60
Direct materials	0	13.00
Manufacturing overhead	32,000	2.50
Selling and administrative expenses	26,300	0.30
Total expenses	$58,300	$21.40

Actual results for July:

Revenue	$261,850
Direct labor	$41,800
Direct materials	$99,895
Manufacturing overhead	$47,500
Selling and administrative expenses	$30,550

The revenue variance for July would be closest to:

$650 U

$1,100 F

$650 F

$1,100 U