Ruozzo Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for July. Variable Fixed Element per Actual Element Customer Total for per Month Served July $4,500 $100,000 $43,100 $ 900 $ 63,300 $ 500 $ 11,500 $36,900 $ 37,900 Revenue Employee salaries and wages Travel expenses Other expenses When the company prepared its planning budget at the beginning of July, it assumed that 27 customers would have been served. However, 22 customers were actually served during July. The "Employee salaries and wages" in the flexible budget for July would have been closest to: Multiple Choice 1 0 $77,686 0 $62,900 0 $67,400 0 $63,300 Teel Printing 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 set-ups, but the actual activity was 201 press runs and 110 book set-ups. The actual cost for wages and salaries in July was $193,780. The wages and salaries in the planning budget for July would be closest to: Multiple Choice $196,672 $195,900 $193,780 $193,750 Schriever Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed variable element Element per per month Well Serviced $4,500 $1,100 $ 600 Revenue Employee salaries and wages Servicing materials Other expenses $57,200 $31,000 The planning budget for May was based on 36 wells serviced, but a total of 31 wells were actually serviced in May. The activity variance for total expenses for May would have been closest to: Multiple Choice 0 $10,500 F 0 $8,500 U 0 $8,500 F 0 $10,500 U