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In: AccountingJake’s Roof Repair has provided the following data concerningits costs:Fixed Costper MonthCost...Jake’s Roof Repair has provided the following data concerningits costs:Fixed Costper MonthCost perRepair-HourWages andsalaries$20,900$15.00Parts andsupplies$7.60Equipmentdepreciation$2,790$0.55Truck operatingexpenses$5,790$1.80Rent$4,660Administrativeexpenses$3,890$0.70For example, wages and salaries should be $20,900 plus $15.00per repair-hour. The company expected to work 3,000 repair-hours inMay, but actually worked 2,900 repair-hours. The company expectsits sales to be $48.00 per repair-hour.Required:Compute the company’s activity variances for May.(Indicate the effect of each variance by selecting "F" forfavorable, "U" for unfavorable, and "None" for no effect (i.e.,zero variance). Input all amounts as positive values.)