Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During Moy, the company budgeted for 8.300 units, but its actual level of activity was 8,350 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 Variable element element per per month unit Revenue $35.89 Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses e 8 40, eee 27,100 $67,100 $6.40 12.10 2.10 4.00 $24.60 Actual results for May Revenue Direct labor Direct saterials Manufacturing overhead Selling and administrative expenses $297,500 $ 52,870 $ 99,580 $ 51,500 $ 30,638 The spending variance for direct materials in May would be closest to Multiple Choice $8500 $1455 F $1455 $850F