Manufacturing overhead $43,020 Selling and administrative expenses $27,505 The net operating income in the flexible budget for February would be closest to: $30,401 $24,925 $21,590 $30,166 $13,930 $22,135 $30,831 $30,601 [CLO-4] Lehnertz Corporation manufactures and sells a single product. The company uses units as the the company budgeted for 7,100 units, but its actual level of activity was 7,150 units. The company ha its actual results for February: Data used in budgeting: Fixed element per Variable element per month unit Revenue $27.70 Direct labor $0 $4.10 Direct materials 0 10.80 Manufacturing overhead 34,000 1.20 Selling and administrative 21.800 0.70 hs expenses Total expenses $55,800 $16.80 Actual results for February: Revenue $205,485 Direct labor $29,365 Direct materials $74,980 Manufacturing overhead $43,020 Selling and administrative expenses $27,505 The net operating income in the flexible budget for February would be closest to: $30,401