Question 7 4pts Teel Printing usus two measures of activity, press runs and book set-ups, in the cost formatos in its budgets and performance reports. The cost formula for wages and salaries is $8.850 per month plus 5400 per press run plus $950 per book set-up. The company expected its activity in July to be 204 press runs and 111 book set ups, but the actual activity was 201 press runs and 110 book set-ups. The actual cost for wapes and salaries in Nily was $193,780 The activity variance for wages and salaries in July would be closest to 52.120 52.150 U 52.150.1 52.120 F 4 pts Question 8 Which of the following may appear on a flexible budget performance report? An unfavorable activity variance A favorable revenue variance An unfavorable spending variance All of the above may appear on a flexible budget performance report