Neeb Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets 2 9 and performance reports, During January, the company budgeted for 7,000 units, but its actual level The company has provided the following data concerning the formulas used in its budgeting and its actual results for January of activity was 7040 units Fixed Variable element element per unit $27.20 per month Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses s$ 3.20 9.70 1.10 27,000 0.46 $71,300 $%14.4 44,300 Solution.