Pawprints Paint recently went public in a best efforts offering. The company offered 125,000 shares of stock for sale at an offer price of $49 per share. The administrative costs associated with the offering were $365,000 and the underwriter's spread was 6.5 percent. After completing their sales efforts, the underwriters determined that they sold a total of 120,100 shares. What were the net proceeds to the company?

"jake’s roof repair has provided the following data concerning its costs: fixed cost per month cost per repair-hour wages and salaries $ 20,900 $ 15.00 parts and supplies $ 7.70 equipment depreciation $ 2,800 $ 0.35 truck operating expenses $ 5,720 $ 1.60 rent $ 4,690 administrative expenses $ 3,850 $ 0.50 for example, wages and salaries should be $20,900 plus $15.00 per repair-hour. the company expected to work 2,600 repair-hours in may, but actually worked 2,500 repair-hours. the company expects its sales to be $47.00 per repair-hour. required: compute the company’s activity variances for may."