Jake’s Roof Repair has provided the following data concerning its costs:Fixed Cost Cost perper Month Repair-HourWages and salaries ..................... $23,200 $16.30Parts and supplies ........................ $8.60Equipment depreciation ................ $1,600 $0.40Truck operating expenses ........... $6,400 $1.70Rent .............................................. $3,480Administrative expenses ............... $4,500 $0.80For example, wages and salaries should be $23,200 plus $16.30 per repair-hour. The company expected towork 2,800 repair-hours in May, but actually worked 2,900 repair-hours. The company expects its sales tobe $44.50 per repair-hour.Required:Prepare a report showing the company’s activity variances for May

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Jake’s Roof Repair has provided the following data concerning its costs:
Fixed Cost Cost per
per Month Repair-Hour
Wages and salaries ..................... $23,200 $16.30
Parts and supplies ........................ $8.60
Equipment depreciation ................ $1,600 $0.40
Truck operating expenses ........... $6,400 $1.70
Rent .............................................. $3,480
Administrative expenses ............... $4,500 $0.80
For example, wages and salaries should be $23,200 plus $16.30 per repair-hour. The company expected to
work 2,800 repair-hours in May, but actually worked 2,900 repair-hours. The company expects its sales to
be $44.50 per repair-hour.
Required:
Prepare a report showing the company’s activity variances for May

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