Exercise 9-8 Flexible Budgets and Activity Variances [LO9-1, L09-2] Jake's Roof Repair has provided the following data concerning its costs Fixed Cost per Month $ 20,900 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expense:s Cost per Repair-Hour $15.00 $ 7.70 $ 0.60 $ 1.70 $ 2,730 $ 5,75e $ 4,620 $ 3,890 $ 0.70 For example, wages and salaries should be $20,900 plus $15.00 per repair-hour. The company expected to work 2,900 repair-hours in May, but actually worked 2,800 repair-hours. The company expects its sales to be $48.00 per repair-hour. Required Compute the company's activity variances for May. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Jake's Roof Repain Activity Variances For the Month Ended May 31 Revenue $4,800 Expenses Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses 1,500 770 60 170 UTNone 70 Total expense Net operating income