KM CPA LLP provided the following data: Fixed cost each month Cost per professiona! AND hour 25.00 3.30 Wages and salaries $41,500 Office supplies Equipment depreciation Rent 2,700 5,300 4,000 0.80 Administrative expenses BHHKM expects its sales to be $60 per professional hour. The company expected its professionals to bill 6,000 professional hours per month, but in the current month they billed 6,200 professional hours Compute the company's flexible budget, planning budget and activity variances for the month of April. BHHKM CPA LLP Activity Variances For the Month Ended April 30, 2019 Favorable/ Unfavorable Flexible Budget Planning Budget Activity Variance Professional hours 6,200 hours 6,000 hours Revenue Expenses: Wages & salaries Office supplies Equipment depreciation Rent expense Administrative expense Total expense Net operating income Page 8 of 9