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Fixed Cost Cost per per Month Repair-Hour Wages and salaries $ 20,800 $ 15.00 Parts and supplies $ 7.40 Equipment depreciation $ 2,780 $ 0.30 Truck operating expenses Rent $ 5,720 $ 1.80 $ 4,690 Administrative expenses $ 3,880 $ 0.70 For example, wages and salaries should be $20,800 plus $15.00 per repair-hour. The company expected to work 2,800 repair-hours in May, but actually worked 2,700 repair-hours. The company expects its sales to be $50.00 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. Jake's Roof Repair Activity Variances For the Month Ended May 31 Revenue $ 135,000 U Expenses: Wages and salaries 61,300 F Parts and supplies 19,980 F Equipment depreciation 3,590 F Truck operating expenses 10,580 F Rent 0 None Administrative expenses 5,770 F Total expense Net operating income 105,910 F $ 29,090 U

Fixed Cost Cost per per Month Repair-Hour Wages and salaries $ 20,800 $ 15.00 Parts and supplies $ 7.40 Equipment depreciation $ 2,780 $ 0.30 Truck operating expenses Rent $ 5,720 $ 1.80 $ 4,690 Administrative expenses $ 3,880 $ 0.70 For example, wages and salaries should be $20,800 plus $15.00 per repair-hour. The company expected to work 2,800 repair-hours in May, but actually worked 2,700 repair-hours. The company expects its sales to be $50.00 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. Jake's Roof Repair Activity Variances For the Month Ended May 31 Revenue $ 135,000 U Expenses: Wages and salaries 61,300 F Parts and supplies 19,980 F Equipment depreciation 3,590 F Truck operating expenses 10,580 F Rent 0 None Administrative expenses 5,770 F Total expense Net operating income 105,910 F $ 29,090 U

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Fixed Cost Cost per per Month Repair-Hour Wages and salaries $ 20,800 $ 15.00 Parts and supplies $ 7.40 Equipment depreciation $ 2,780 $ 0.30 Truck operating expenses Rent $ 5,720 $ 1.80 $ 4,690 Administrative expenses $ 3,880 $ 0.70 For example, wages and salaries should be $20,800 plus $15.00 per repair-hour. The company expected to work 2,800 repair-hours in May, but actually worked 2,700 repair-hours. The company expects its sales to be $50.00 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. Jake's Roof Repair Activity Variances For the Month Ended May 31 Revenue $ 135,000 U Expenses: Wages and salaries 61,300 F Parts and supplies 19,980 F Equipment depreciation 3,590 F Truck operating expenses 10,580 F Rent 0 None Administrative expenses 5,770 F Total expense Net operating income 105,910 F $ 29,090 U
Transcribed Image Text:Fixed Cost Cost per per Month Repair-Hour Wages and salaries $ 20,800 $ 15.00 Parts and supplies $ 7.40 Equipment depreciation $ 2,780 $ 0.30 Truck operating expenses Rent $ 5,720 $ 1.80 $ 4,690 Administrative expenses $ 3,880 $ 0.70 For example, wages and salaries should be $20,800 plus $15.00 per repair-hour. The company expected to work 2,800 repair-hours in May, but actually worked 2,700 repair-hours. The company expects its sales to be $50.00 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. Jake's Roof Repair Activity Variances For the Month Ended May 31 Revenue $ 135,000 U Expenses: Wages and salaries 61,300 F Parts and supplies 19,980 F Equipment depreciation 3,590 F Truck operating expenses 10,580 F Rent 0 None Administrative expenses 5,770 F Total expense Net operating income 105,910 F $ 29,090 U
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