Jake's Roof Repair has provided the following data concerning its costs Fixed Cost per Month $20,800 Cost per Repair-Hour $15.00 $ 7.60 S 0.45 $ 1.60 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses $ 2,750 S 5,750 $ 4,660 $ 3,810 S 0.50 For example, wages and salaries should be $20,800 plus $15.00 per repair hour. The company expected to work 2600 repair-hours in May, but actually worked 2,500 repair-hours. The company expects its sales to be $49.00 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 Repair Activity Variances For the Month Ended May 31 Flexible Planning Budget Activity Variances Budget Repair-hours Revenue Expenses: Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expense Net operating income