TB MC Qu$.9-302($Algo$)$ Lenci Corporation manufactures and sells a single...

Lenci Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for $5,270$ units, but its actual level of activity was $5,220$ units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May:

Data used in budgeting:

Fixed element per month Variable element per unit

Revenue $0$ $ $41\mathrm{.}30$

Direct labor $ $0$ $ $7\mathrm{.}20$

Direct materials $017\mathrm{.}40$

Manufacturing overhead $43,2003\mathrm{.}00$

Selling and administrative expenses $24,4001\mathrm{.}90$

Total expenses $ $67,600$ $ $29\mathrm{.}50$

Actual results for May:

Revenue $ $199,510$

Direct labor $ $30,265$

Direct materials $ $81,965$

Manufacturing overhead $ $58,105$

Selling and administrative expenses $ $24,380$

The spending variance for manufacturing overhead in May would be closest to:

Multiple Choice

$$755$ F

$$755$ U

$$905$ F

$$905$ U