Corpany manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports, During December, the compary budgeted for 5,300 units, but its actual level of activity was 5,340 units. The compary has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: The net operating income in the flexible budget for December would be closest to: $11,795 $16,430 $11.884 $16,994