The spending variance for direct materials in May would be closest to: Multiple Choice $5,075 U $4.470 F $4,470 U $5,075 F Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance i May, the company budgeted for 8,000 units, but its actual level of activity was 8,050 units. The company has provided the following data concernin used in its budgeting and its actual results for May: Data used in budgeting: Fixed element per month Variable element per unit Revenue $35.50 Direct labor @ $6.10 Direct materials 12.10 Manufacturing overhead 37,000 1.80 Selling and administrative expenses 26,800 0.80 Total expenses $63,800 $20.80 Actual results for May Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses $284,500 $ 48,530 $ 92,330 $ 50,000 $ 30,600