Diskind Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 6,400 units, but its actual level of activity was 6,350 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for October:

Data used in budgeting:

	Fixed element per month	Variable element per tenant-day
Revenue	—	$33.90
Direct labor	$0	$5.90
Direct materials	0	13.50
Manufacturing overhead	34,000	1.40
Selling and administrative expenses	25,200	0.60
Total expenses	$59,200	$21.40

Actual results for October:

Revenue	$216,300
Direct labor	$36,930
Direct materials	$86,900
Manufacturing overhead	$42,000
Selling and administrative expenses	$30,440

The revenue variance in October would be closest to:

	$660 F
	$1,035 U
	$1,035 F
	$660 U

Flexible budget ($33.90 × 6,350)	$ 215,265
Actual results	216,300
Revenue variance	$ 1,035

Because the actual revenue is greater than than the flexible budget, the variance is favorable (F).