9 Homework i Saved Help Save & Exit Submit 3 Check my work Jake's Roof Repair...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
9 Homework i Saved Help Save & Exit Submit 3 Check my work Jake's Roof Repair has provided the following data concerning its costs: Wages and salaries Fixed Cost per Month $ 21,000 Cost per Repair- Hour $ 15.00 Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses $ 7.60 $ 2,780 $ 0.40 $ 5,790 $ 1.80 $ 4,660 $ 3,840 $ 0.80 For example, wages and salaries should be $21,000 plus $15.00 per repair-hour. The company expected to work 2,900 repair-hours in May, but actually worked 2,800 repair-hours. The company expects its sales to be $49.00 per repair-hour. Required: Compute the company's activity variances for May. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Revenue Jake's Roof Repair Activity Variances For the Month Ended May 31 F Expenses: Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expense Net operating income 9 Homework i Saved Help Save & Exit Submit 3 Check my work Jake's Roof Repair has provided the following data concerning its costs: Wages and salaries Fixed Cost per Month $ 21,000 Cost per Repair- Hour $ 15.00 Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses $ 7.60 $ 2,780 $ 0.40 $ 5,790 $ 1.80 $ 4,660 $ 3,840 $ 0.80 For example, wages and salaries should be $21,000 plus $15.00 per repair-hour. The company expected to work 2,900 repair-hours in May, but actually worked 2,800 repair-hours. The company expects its sales to be $49.00 per repair-hour. Required: Compute the company's activity variances for May. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Revenue Jake's Roof Repair Activity Variances For the Month Ended May 31 F Expenses: Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expense Net operating income
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
3. How do the marginal costs of pollution reduction and the marginal costs of pollution damage change as pollution levels increase? The marginal costs of pollution reduction remain constant and the...
-
How would you suggest the dean deal with senior faculty who feel underpaid?
-
KIC Inc. plans to issue $5 million of bonds with a coupon rate of 8 percent and 30 years to maturity. The coupons are paid semiannually and the current market interest rate on these bonds is 7...
-
Explain the difference between actual factory overhead and applied factory overhead.
-
Andre Preneur supervises two consulting jobs in the consulting firm of Dewey, Cheatham, and Howe, which does studies on environmental cleanup. One of the consulting jobs is for the Canadian...
-
Optimal Health is an outpatient surgical clinic. The clinic's three activities, their overhead cost, and their cost drivers follow. Activity Budgeted Cost Activity Cost Driver Budgeted Activity Usage...
-
Discuss the level of change readiness in the case and suggest two (2) steps to be taken to prevent issues with change readiness in the future Implementing CRM Across 3CA Ian was marketing and sales...
-
A tank contains 180 liters of fluid in which 10 grams of salt is dissolved. Pure water is then pumped into the tank at a rate of 3 L/min; the well-mixed solution is pumped out at the same rate. Let...
-
Given the code below: def bar(x, y): if y > 0: if (y % 2): return bar(x, y >> 1) + bar(x, y >> 1) + x return bar(x, y >> 1) + bar(x, y >> 1) else: return 0 Find: 1. The recurrence relation when xy>0,...
-
Describe the connection between systems thinking, projects, and corporate strategy. Describe an example of how an event, negative or positive, can grow into a vision or strategy by using feedback,...
-
Cullumber Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows. Project Bono Project Edge...
-
The book's retail price is $27 and the wholesale price is $19. The publisher will buy back the retailer's leftover copies at a full refund, but Howard Books incurs $5 in shipping and handling costs...
-
Harish is a partner in a firm. He withdrew the following amounts during the year 2017: May 1- August 1 - September 30- January 31 - March 31- 4,000 10,000 4,000 12,000 4,000 Interest on drawings is...
-
Highland Theatre is owned by Finnean Ferguson. At June 30, 2014, the ledger showed the following: Cash, $6,000; Land, $100,000; Buildings, $80,000; Equipment, $25,000; Accounts Payable, $5,000;...
-
Lopez Corp. wants to compute its throughput for March. The following production data are available: a. Determine the manufacturing cycle efficiency. b. Determine the process productivity. c....
-
Match each of the objectives listed, 1 through 15, with its most appropriate perspective: financial, internal business, customer, or learning and growth. In addition, for each objective listed,...
-
A short connecting pipe between two tanks is clogged with a plug of \(\mathrm{NaCl}\) crystals. The plug formed as a cylinder of circular cross-sectional area with a constant diameter \(D=2.0...
Study smarter with the SolutionInn App