Piechocki 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 8,100 units, but its actual level of activity was 8,150 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 element per month Variable element per unit Revenue $ 0 $ 35.60 Direct labor $ 0 $ 6.20 Direct materials 0 12.20 Manufacturing overhead 38,000 1.90 Selling and administrative expenses 26,900 0.20 Total expenses $ 64,900 $ 20.50 Actual results for May: Revenue $ 288,600 Direct labor $ 49,990 Direct materials $ 92,335 Manufacturing overhead $ 50,500 Selling and administrative expenses $ 30,610 The spending variance for direct materials in May would be closest to