Exercise 9-7 (Algo) Flexible Budgets and Activity Variances [LO9-1, LO9-2]

Jake's Roof Repalr has provided the following data concerning its costs: For example, wages and salarles should be $20,700 plus $15.00 per repair-hour. The company expected to work 2,800 repalr-hours May, but actually worked 2,700 repalr-hours. The company expects its sales to be $50.00 per repalr-hour. Required: Compute the company's activity varlances for May. (Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positlve values.)