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Coderre Corporation manufactures and sells a single product. The company uses units as the measure...

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Accounting

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Coderre Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July the company budgeted for 7,800 units, but its actual level of activity was 7,780 units. The company has provided the following data concerming the formulas used in its budgeting and its actual results for July: Data used in budgeting Variable per month element per unit $29.70 $6.80 8.90 1.30 010 1710 Fixed element Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses $0 49,300 26.300 $75.600 Actual results for July Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses $224,996 $52,274 $69,312 $57,794 $27,588 The direct materials in the flexible budget for July would be closest to: $69,242 O $69.490 O $69,420 O $69,134

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