Luc 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 4,950 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for February: 
-The spending variance for direct materials in February would be closest to:
Definitions:
Net Present Value
A calculation used to assess the profitability of an investment, measuring the difference between the present value of cash inflows and outflows over a period of time.
Payback Period
The time required for the return on an investment to repay the sum of the original investment.
Annual After-Tax Net Income
The amount of money a company earns in one year after all expenses and taxes have been deducted.
Profitability Index
A calculation that measures the relative profitability of an investment by dividing the present value of its future cash flows by the initial investment cost.
Q9: The contribution margin of the West business
Q11: What is the net operating income for
Q15: According to the company's accounting system, what
Q25: The activity variance for selling and administrative
Q60: If a company switches from a traditional
Q71: The direct materials in the flexible budget
Q96: The activity variance for administrative expenses in
Q123: Costs associated with two alternatives, code-named Q
Q142: If the budgeted direct labor time for
Q218: A flexible budget performance report should contain