Neeb Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During January, the company budgeted for 7,000 units, but its actual level of activity was 7,040 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for January: Fixed Variable element element per per month unit Revenue $27.20 Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses 44,300 27,000 71,300 $ 3.20 9.70 1.10 0.40 $14.40 Actual results for January: Revenue Direct labor Directmaterials Manufacturing overhead Selling and administrative expenses $183,448 $ 23,178 $ 68,808 49,784 30,246