tm Saved Help Save&Exit Sub Trevorrow Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During June, the company budgeted for 5,700 units, but its actual level of activity was 5,660 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for June: Data used in budgeting Fixed Variable element element per per month unit Revenue $28.10 Direct labor Direct materials Manufacturing overhead selling and administrative expenses Total expenses $03.70 9.80 1.40 0.20 $63,200 $15.10 38,800 24,400 Actual results for June: Revenue Direat 1abor Direct naterials Manufacturing overhead $163,008 $ 20,404 $ 53,208 46,619 Selling and administrative expenses 25,567 The activity variance for net operating income in June would be closest to