vity variance for net operating income in February would be closest to 9, 132 If boo) 89-90 ago - 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 5,600 units, but its actual level of activity was 5,560 units The company has provided the following data concerning the formulas used in its budgeting and its actual results for June The company busure of achanufacture budgempany haigeted for Sity in its bs and sells a .. as provided the founts, but its actuperformance repone company its actual results for wing data concerning thactivity was 5.560 June Data used in budgeting: Revenue Fixed element per Variable element per unit month Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses 29.00 0 3.60 38,700 24,300 63,000 9.70 1.30 0.40 15.00 Actual results for June: Revenue Direct labor $165,382 $ 19,481 Direct materials $ 51,677 Manufacturing overhead $ 45,828 Selling and administrative expe ve expenses$ 26,554 The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for June would be closest to