Illescas Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During December, the company budgeted for 6,400 units, but its actual level of activity was 6,440 units. The company has provided the following data concerning the formulas to be used in its budgeting:

		Fixed element per month		Variable element per tenant-day
Revenue				$32.50
Direcr Labor		$0		$6.30
Direct Materials		$0		8.70
Manufacturing Overhead		$48,600		1.70
Selling and Administrative Expenses		$29,100		0.70
Total Expenses		$77,700.00		$17.40

The direct labor in the planning budget for December would be closest to: A. $40,412 B. $40,572 C. $40,161 D. $40,320

The selling and administrative expenses in the planning budget for December would be closest to: A. $32,396 B. $33,608 C. $33,580 D. $32,598

The net operating income in the planning budget for December would be closest to: A. $19,433 B. $18,940 C. $19,676 D. $19,544