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 5,400 units, but its actual level of activity was 5,360 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: 8 00:29:46 Fixed variable element element per per month unit $28.20 Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses $ 0 0 38,500 24,100 $62,600 $ 3.40 9 .50 1.50 0.20 $14.60 Actual results for June: Revenue $157,048 Direct labor $ 17,695 Direct materials $ 48, 675 Manufacturing overhead $ 46,450 Selling and administrative expenses $ 25, 262 The activity variance for net operating income in June would be closest to: Multiple Choice o $8,126 o $544 F o $8,126 U o $544 U