Neeb Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During January, the company budgeted for 7,000 units, but its actual level of activity was 7,040 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting: Fixed element per month Variable element per unit Revenue - $ 27.20 Direct labor $ 0 $ 3.20 Direct materials 0 9.70 Manufacturing overhead 44,300 1.10 Selling and administrative expenses 27,000 0.40 Total expenses $ 71,300 $ 14.40 Actual results for January: Revenue $ 183,448 Direct labor $ 23,178 Direct materials $ 68,808 Manufacturing overhead $ 49,784 Selling and administrative expenses $ 30,246 The manufacturing overhead in the flexible budget for January would be closest to: