Q. (Required) Enriques Corporation manufactures and sells a single product. The company uses units as...
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Q. (Required) Enriques Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During February, the company budgeted for 5,000 units, but its actual level of activity was 4,990 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for February Data used in budgeting: Fixed Variable element element per unit Revenue $44.80 Direct labor $ 0 $ 6.10 Direct materials 0 19.90 Manufacturing overhead 40,700 1.00 Selling and administrative expenses 26.000 0.20 Total expenses $66.700 $27.20 per month Actual results for February: Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses...... $216,582 $29.419 $96.611 $43,660 $28,308 The activity variance for net operating income in February would be closest to
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