Jake's Roof Repair has provided the following data concerning its costs: Fixed cost per Month Cost per
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Question:
Jake's Roof Repair has provided the following data concerning its costs:
Fixed cost per Month Cost per Repair Hour
Wages and salaries $ $
Parts and supplies $
Equipment depreciation $ $
Truck operating expenses $ $
Rent $
Administative expenses $ $
For example, wages and salaries should be $ plus $ per repairhour. The company expected to work repairhours in May, but actually worked repairhours. The company expects its sales to be $ per repairhour.
Required:
Compute the company's activity variances for May. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values.
Jake's Roof Repair Activity Variances for the Month Ended May
Revenue
Expenses
Wages and salaries
Parts and supplies
Equipment depreciation
Truck operating expenses
Rent
Administrative expenses
Total expense
Net operating income
Related Book For
Managerial Accounting for Managers
ISBN: 978-0073527130
2nd edition
Authors: Eric Noreen, Peter Brewer, Ray Garrison
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