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Danielle Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May,
Danielle Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 7,100 units, but its actual level of activity was 7,050 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Fixed Variable element element per per month unit $34.60 Revenue 0 $ 6.60 13.10 0 Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses 41,000 25,900 $66,900 2.10 0.60 $ 22.40 Actual results for May: Revenue $244,930 Direct labor $ 46,320 Direct materials $ 93,535 Manufacturing overhead $ 45,500 Selling and administrative expenses $ 30,510 The direct materials in the flexible budget for May would be closest to
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