(4-5) Answer & Solving Process] Lime Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cot estimates that it uses for budgeting purposes. Revenue Employee salaries and wages Refurbishing materials Other expenses Fixed Element per Variable Element Actual Total for Month per Container December Refurbished $4,400 $160,000 $44,900 $1,000 $76,900 $ 700 $22,000 $30,800 $31,800 When the company prepared its planning budget at the beginning of December, it assumed that 33 containers would have been refurbished. However, 35 containers were actually refurbished during December 4. Answer & Solving Process| The activity variance for "Employee salaries and wages" for December would have been closest to: $3,000 Unfavorable $3,000 Favorable 3 $2,000 Unfavorable $2,000 Favorable 6 $1,000 Favorable 5. Answer & Solving Process] The revenue variance for December would have been closest to: $6,000 Unfavorable $14,800 Unfavorable (3 $8,800 Favorable 4 $14,800 Favorable 5 $6,000 Favorable