1. Rapid Delivery Service reports the following costs and expenses in June 2010. Indirect materials $ 5,400 $11,000 1,600 5,000 650 Drivers' salaries Depreciation on delivery equipment 11,200 Delivery equipment repairs Property taxes on office building Office utilities Advertising Dispatcher's salary Office supplies CEO's salary Gas and oil for delivery trucks 300 870 990 12,000 Repairs on office equipment 180 2,200 Instructions Determine the total amount of (a) delivery service (product) costs and (b) period costs.

1. Rapid Delivery Service reports the following costs and expenses in June 2010. Indirect materials $ 5,400 $11,000 1,600 5,000 650 Drivers' salaries Depreciation on delivery equipment 11,200 Delivery equipment repairs Property taxes on office building Office utilities Advertising Dispatcher's salary Office supplies CEO's salary Gas and oil for delivery trucks 300 870 990 12,000 Repairs on office equipment 180 2,200 Instructions Determine the total amount of (a) delivery service (product) costs and (b) period costs.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Jake's Roof Repair has provided the following data concerning its costs: Cost per Repair-Hour Fixed Cost per Month $ Wages and salaries Parts and supplies Equipment depreciation $ Truck operating expenses $ Rent $ Administrative expenses $ 21,100 2,750 5,780 4,660 3,840 $ 16.00 $ 7.20 $ 0.55 $ 1.70 $ 0.40 For example, wages and salaries should be $21,100 plus $16.00 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 $48.00 per repair-hour. 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 (i.e., zero variance). Input all amounts as positive values.) Need to make sure my notes coincide with this example problem from video. please include how you calculated each part. Thank you
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am. 211.
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Indirect materials used Depreciation on delivery equipment Dispatcher's salary Property taxes on office building CEO's salary Gas and oil for delivery trucks Delivery service (product) costs $ Period costs $6,940 LA 12,040 5,400 980 12,960 2,320 Drivers' salaries Advertising Delivery equipment repairs Office supplies Determine the total amount of (a) delivery service (product) costs and (b) period costs. Office utilities Repairs on office equipment $17,280 5,080 324 702 1,080 206
Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $21,000 Cost per Repair-Hour $15.00 $7.50 $ 0.35 $ 1.70 $ 0.70 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses 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 $51.00 per repair-hour Revenue Expenses $ 2,710 $ 5,740 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 (.e., zero variance). Input all amounts as positive values.) $ 4,620 $ 3,820 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Jake's Roof Repair Activity Variances For the Month Ended May 31 Administrative expenses Total expense Net operating…