KAB is a small management consu m a month, the form bied fewer hour than expected, and, as expected, profits were lower than anticipated Proth These are hours bied to clients. They are re than the number of hours worked because there is nonbilable time.. stack periods, time in aning sessions) and because some time worked for clients is not changed to them Required: Prepare a sales activity variance is not round intermediate calculations indicate the effect of each variance by selecting for vorable, or for unfavorable. If there is no effect, do not select either option K&B is a small management consulting firm. Last month, the firm billed fewer hours than expected, and, as expected, pre Billable hoursa Revenue Professional salaries (all variable) Other variable costs (e.g.. supplies, computer services) Fixed costs Profit Reported Income Statement 7,200 $ 670,000 340,000 98.000 205,000 $ 27.000 Master Budget 9,000 $ 810,000 400.000 120.000 200.000 $ 90,000 These are hours billed to clients. They are fewer than the number of hours worked because there is nonbillable time (eg Required: Prepare a sales activity variance analysis. (Do not round intermediate calculations. Indicate the effect of each variar Flexible Budget Sales Activity Variance Master Budget Revenue Costs: Professional salaries Other variable costs Fixed costs Total costs Profit