Wages and salaries Jake's Roof Repair provided the following data concerning Its costs: Fixed Cost Cost...
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Wages and salaries Jake's Roof Repair provided the following data concerning Its costs: Fixed Cost Cost per Repair-Hour $ 16.00 $7.50 $ 0.55 per Month $ 21,100 $ 2,730 Truck operating expenses Rent $ 5,790 $ 1.80 $ 4,670 $ 3,820 $ 0.80 Parts and supplies Equipment depreciation Administrative expenses For example, wages and salaries should be $21,100 plus $16.00 per repair-hour. The company expected to work 2,700 repair-hours In May but actually worked 2,600 repair-hours. The company expects Its sales to be $53.00 per repair-hour. Required: Compute the company's activity variances for May. Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (Le., zero varlance). Input all amounts as positive values. Revenue Expenses: Jake's Roof Repair Activity Variances For the Month Ended May 31 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expenses Net operating income Wages and salaries Jake's Roof Repair provided the following data concerning Its costs: Fixed Cost Cost per Repair-Hour $ 16.00 $7.50 $ 0.55 per Month $ 21,100 $ 2,730 Truck operating expenses Rent $ 5,790 $ 1.80 $ 4,670 $ 3,820 $ 0.80 Parts and supplies Equipment depreciation Administrative expenses For example, wages and salaries should be $21,100 plus $16.00 per repair-hour. The company expected to work 2,700 repair-hours In May but actually worked 2,600 repair-hours. The company expects Its sales to be $53.00 per repair-hour. Required: Compute the company's activity variances for May. Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (Le., zero varlance). Input all amounts as positive values. Revenue Expenses: Jake's Roof Repair Activity Variances For the Month Ended May 31 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expenses Net operating income
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To calculate the activity variances for Jakes Roof Repair for the month of May we need to compare the actual activity levels with the budgeted activit... View the full answer
Related Book For
Managerial Accounting for Managers
ISBN: 978-0073527130
2nd edition
Authors: Eric Noreen, Peter Brewer, Ray Garrison
Posted Date:
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