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 concerning the formulas used in its budgeting and its actual results for July: Data used in budgeting: 
Actual results for July: 
The direct materials in the flexible budget for July would be closest to:
Definitions:
Common Stock
A form of corporate equity ownership, a type of security that represents ownership in a corporation and signifies a claim on part of the corporation's assets and earnings.
Operating Activities
The day-to-day activities of a company involved in producing and selling its products or providing services, which generate most of the company's cashflows.
Indirect Method
A technique used in cash flow statements to adjust net income for non-cash transactions, depreciation, and changes in working capital.
Depreciation Expense
The portion of an asset's initial cost allocated over a specific period as an expense, reflecting its usage and deterioration.
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