The Childrens Hour Theatre is a local nonprofit organization that stages plays for children while allowing individuals who aspire to work in theatre an opportunity to try the craft. The theatre has a small administrative staff and the directors and actors are paid a fee for each performance which includes rehearsals. The Childrens Hour Theatre has planned six different productions with a total of 120 performances for this season. One of the classics presented is Peter and the Wolf. The theatre receives grants from donors to cover short falls from the discounted ticket prices that it charges. Therefore, the theatre only budgets its costs for each season. Some of the costs vary with the number of productions, some with the number of performances and some are fixed.

	Fixed element per season	Variable element per production	Variable element per performance
Director & Actor wages	$0	$0	$2250
Stagehands wages	$0	$0	$285
Ticket Booth & usher wages	$0	$0	$125
Scenery, costume & props	$0	$18750	$0
Theater hall rent	$0	$0	$500
Printed programs	$0	$0	$235
Publicity	$2500	$825	$0
Administrative expenses	$12000	$625	$100

During the season, the theatre had 5 productions and the 100 performances. The theatre's actual costs for the season are listed below:

The Childrens Hour Theatre

Actual Costs

2019 Season

Director & Actor wages	$222,450
Stagehands wages	29,650
Ticket Booth & usher wages	13,100
Scenery, costumes & props	92,880
Theatre hall rent	50,000
Printed programs	22,850
Publicity	6,740
Administrative expenses	26,245
Total Expenses	463,915

Prepare a flexible budget performance report showing both the company's activity variances and spending variances for the theatre season. Label each variance as favorable (F) or unfavorable (U).