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 6,300 units, but its actual level of activity was 6,250 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 - $ 33.80 Direct labor $ 0 $ 5.80 Direct materials 0 13.40 Manufacturing overhead 33,000 1.30 Selling and administrative expenses 25,100 0.50 Total expenses $ 58,100 $ 21.00 Actual results for May: Revenue $ 212,300 Direct labor $ 35,730 Direct materials $ 85,600 Manufacturing overhead $ 41,500 Selling and administrative expenses $ 30,430 The revenue variance for May would be closest to: Multiple Choice $640 U $640 F $1,050 F $1,050 U This is the last question in the assignment. To submit, use Alt + S. To access other questions, proceed to the question map button.Next