Kentford Associates is a small professional services firm. Last month, Kentford billed more hours than expected and profits reflected

this.

"These are hours billed to clients. They are fewer than the number of hours worked because there is nonbillable time $($e$.$g$.,$ slack

periods, time in training sessions$)$ and because some time worked for clients is not charged to them.

Required:

Prepare a sales activity variance analysis.

Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting $"$F$"$ for favorable, or $"$U$"$ for

unfavorable. If there is no effect, do not select either option.