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 7,800 units, but its actual level of activity was 7,750 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 - $ 35.30 Direct labor $ 0 $ 5.90 Direct materials 0 12.90 Manufacturing overhead 35,000 1.60 Selling and administrative expenses 26,600 0.60 Total expenses $ 61,600 $ 21.00 Actual results for May: Revenue $ 274,800 Direct labor $ 45,800 Direct materials $ 101,100 Manufacturing overhead $ 49,000 Selling and administrative expenses $ 30,580 The direct materials in the flexible budget for May would be closest to:

Multiple Choice

• $99,975

• $101,830

• $100,620

• $101,260