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 flexible budget for july would be closest to: multiple choicea. $193,019. b. $195,900. c. $193,780.d. $193,750.