Question 11 1 pts Faulks Inc. uses two measures of activity, press runs and book set-ups, in the cost formulas in its budgets and performance reports. The cost formula for wages and salaries is $8,850 per month plus $400 per press run plus $950 per book set-up. The company expected its activity in July to be 204 press runs and 111 book setups, but the actual activi.y was 201 press runs and 110 book set-ups. The actual cost for wages and salaries in July was $194,925. 18 The total variance for wages and salaries in July would be closest to: $1,175U $1,175F $975F $975U