Trevorrow Corporation manufactures and sells a single product. The company uses units as the measure of actlvity in Its budgets and performance reports. During June, the company budgeted for 6,200 units, but its actual level of activity was 6,160 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for June: Fixed Variable element element per unit $27.80 per month Revenue s 3.10 Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses 10.20 37,200 22,800 $60,000 1.10 0.30 $14.70 Actual results for June: Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses 24,688 $178,318 18,606 60,652 43, 896 The net operating income in the planning budget for June would be closest to: Multiple Choice $21,220 $20,696 $30,674 $30,279