Lenci 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 5,130 units, but its actual level of activity was 5,080 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: Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses Actual results for May: Revenue Fixed element Variable element per per month unit 0 $ 39.90 $ 0 $ 5.80 0 16.00 41,800 23,000 1.60 .50 $ 64,800 $ 23.90 $ 198,110 Direct labor Direct materials Manufacturing overhead Selling and administrative expenses $ 28,865 $ 80,565 $ 49,405 $ 22,980 The spending variance for manufacturing overhead in May would be closest to: Multiple Choice $523 U $603 U $603 F $523F