Verona Tech is a vocation school. The school bases its budgets on two measures of activity: number of students and number of courses. The school uses the following data in its budgeting: Fixed cost Variable cost Variable cost per month per $4,000 S1,000 ol stodeper course Faculty wages Course supplies Administrative expenses $2,000 $0 $10 $20 $20 $50 S30 In July, the school budgeted for 300 students and 15 courses. Actual results for the month appear below: Number of Students Number of Courses Faculty wages 280 $4,260 $4,800 Course supplies Administrative expenses $8,300 1. What is the spending variance for faculty wages? 2. What is the activity variance for administrative expenses