2 6.66 points eBook Hint Print References Exercise 9-7 (Algo) Flexible Budgets and Activity Variances [LO9-1, LO9-2] Jake's Roof Repair has provided the following data concerning its costs wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Fixed Cost per Month $ 21,300 $2,750 $5,790 Cost per Bepair-Hour $15.00 $7.48 $0.55 $ 1.00 $ 4,600 $3,900 $0.40 For example, wages and salaries should be $21,300 plus $15.00 per repair-hour. The company expected to work 2.800 repair-hours in May, but actually worked 2.700 repair-hours. The company expects its sales to be $45.00 per repair-hour Required: Compute the company's activity variances for May (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie., zero variance). Input all amounts as positive values.) Revenue Jake's Roof Repair Activity Variances For the Month Ended May 31 Expenses Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expense Net operating income