Consider the following information for questions 8 and 9. Brong 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 cost estimates that it uses for budgeting purposes and the actual results of operations for March Revenue Employee salaries and wages Refurbishing materials Other expenses Variable Element Fixed Element per per ContainerActual Total Month Refurbished for March $ 5,900 S 108,300 $ 49,500 $ 900 $ 66,000 $ 500 $ 9,500 $ 40,300 $ 39,800 When the company prepared its planning budget at the beginning of March, it assumed that 22 containers would have been refurbished. However, 18 containers were actually refurbished during March 8. The spending variance for total expenses for March would have been closest to: a. $ 500 Favorable b. 500 Unfavorable c. 2,500 Favorable d. 2,500 Unfavorable e. None of the above. The answer is 9. The activity variance for total expenses for March would have been closest to: a. $ 800 Favorable b. 800 Unfavorable 2,800 Favorable 2,800 Unfavorable e. None of the above. The answer is d