3 Exercise 9-7 (Static) Flexible Budgets and Activity Variances (LO9-1, LO9-2] 15 points eBook Jake's Roof Repair has provided the following data concerning its costs: Fixed Coat Coat per per Month Repair-Hour Wages and salaries $ 23, 200 $16.30 Parts and supplies $8.50 Equipment depreciation $ 1,600 $ 0.40 Truck operating expenses 6,400 $ 1.70 Rent $ 3.480 Administrative expenses $ 4,500 $ 0.80 Print References For example, wages and salaries should be $23.200 plus $16.30 per repair hour. The company expected to work 2,800 repair-hours in May, but actually worked 2,900 repair-hours. The company expects its sales to be $44.50 per repair-hour. Required: Compute the company's activity variances for May. (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Jake's Roof Repair Activity Variances For the Month Ended May 31 Revenue Expenses Wages and salaries 3 Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses 1.600 5 6,400 $3,400 $ 4,500 $8.60 $ 0.40 $ 1.70 $ 0.00 15 po Book For example, wages and salaries should be $23,200 plus $16.30 per repair-hour. The company expected to work 2,900 repair-hours in May, but actually worked 2,900 repair-hours. The company expects its sales to be $44.50 per repair hour. Required: Compute the company's activity variances for May. (Indicate the effect of each varlance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts as positive values.) Print References Jake's Roof Repair Activity Variances For the Month Ended May 31 Revenue Expenses Wages and salaris Parts and supplies Equipment depreciation Truck operating expenses Rent Administrave DOS Total expense Net operating income