Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element per month Variable Element per Customer Served $5,000 $1,100 $600 Revenue Employee salaries and wages Travel expenses Other expenses Actual Total for May $160,000 $88,000 $ 19,000 $34,500 $50,000 $36,000 When preparing its planning budget the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers. Required (all computations pertain to the month of May): What activity variances would Adger report with respect to each of its expenses? The activity variances for May expenses: Flexible Budget Activity Variance Planning Budget Employee salaries and wages Travel expenses Other expenses Note: To earn credit for variances, must state whether variance is favorable (F) or unfavorable (U)