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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,

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 6,700 units, but its actual level of activity was 6,650 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 monthVariable element per unitRevenue-$34.20Direct labor$0$6.20Direct materials013.80Manufacturing overhead37,0001.70Selling and administrative expenses25,5000.20Total expenses$62,500$21.90

Actual results for May:

Revenue$228,900Direct labor$41,130Direct materials$93,235Manufacturing overhead$43,500Selling and administrative expenses$30,470

The direct materials in the flexible budget for May would be closest to:

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