UUVILY Was 5,150 units. The JULU the following data concerning the formulas to be used in its budgeting: Revenue Fixed Element per Variable Element per Month Unit $ 42.40 $ 7.70 Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses 15.40 $ 0 0 46,800 21,000 $67.800 1.20 0.40 24.70 $ The net operating income in the planning budget for October would be closest to: (Round your intermediate calculations to 2 decimal places.) a top Question 1 5.52 pts Tomlison Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 5,100 units, but its actual level of activity was 5.150 units. The company has provided the following data concerning the formulas to be used in its budgeting: Fixed Element per Variable Ele Month Ur Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses $ 0 0 46,800 21,000 $67,800 The net operating income in the planning budget for October would be closest to (Round your intermediate calculations to 2 decimal places.)