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 $4,300 per month plus $401 per press run plus $951 per book set-up. The company expected its activity in July to be 223 press runs and 130 book set-ups, but the actual activity was 220 press runs and 129 book set-ups. The actual cost for wages and salaries in July was $216,880.

The spending variance for wages and salaries in July would be closest to:

Multiple Choice

$1,681 F

$473 U

$473 F

$1,681 U