TB MC Qu. 9-219 Lenci Corporation manufactures and sells a single .. Lenci 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 5,210 units, but its actual level of activity was 5,160 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May: 3 Data used in budgeting: polnts Variable Fixed element per element eBook unit per month $40.70 Revenue References $ 6.60 Direct labor Direct materials 16.80 Manufacturing overhead Selling and administrative expenses 42,600 2.40 1.30 23,800 $66,400 $27.10 Total expenses Actual results for May: $198,910 $ 29,665 $ 81,365 $ 54,205 $ 23,780 Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses The spending variance for manufacturing overhead in May would be closest to