Performance report - Tasty Company-Q3 (revenue& spending variance)-ver A Tasty Company operates four food trucks which mainly serve food near stadiums prior to sporting events and concerts t prepares monthly budgets. At the end of each month the accounting department prepares a "performance report Tasty Company uses customers served as its measure of actvity, Planning (static) budget amounts and actual tesufts for the month of kine are given in the table below Complete the performance report (table) given below and then answer the question which follows below the table Actual Revenue Flexible-budget Activity Planning Total Resulits& Spending atiances atlances (Static) Vaciance Budoct Customers10.600 10,000 served (q Revenuc $99640 $90,000 $9.00q) Wages and salaries ($12.000 $1.500 150q Customers 10,600 served (q) 10,000 $99,640 $90,000 Revenue $9.00a) Expenses: Wages and $30,020 ($12,000+ 27000 1 salaries $1.50q) COGS $42.930 $42,000 ($4.20q) Insurance $5,400 (S5,300) $3.500 Miscellaneous ($2,000 + 15q) Total 580 BB $77. 800 expenses Net operating $18 160 Income 12.200 Compute the 'Activity' variance for "Wages and salaries expense for June. Multiple Choice $2,120 F $900 U $2120 U $900 F TB MC Qu. 10-26 A favorable labor rate variance indicates A favorable labor rate variance indicates that Multiple Choice actual hours exceed standard hours standard hours exceed actual hours the actual rate exceeds the standard rate the standard rate exceeds the actual rate