Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost Cost per Repair-Hour $15.00 $ 7.60 $ 0.45 $ 1.80 per Month $ 20,800 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses $ 2,770 $ 5,730 $ 4,610 $ 3,880 Rent Administrative e xpenses $ 0.60 For example, wages and salaries should be $20,800 plus $15.00 per repair-hour. The company expect in May, but actually worked 2,500 repair-hours. The company expects its sales to be $49.00 per repair Required: Compute the company's activity variances for May. (Indicate the effect of each variance by selecting 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 < Prev 4 of 4 Next .......I......

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Compute the company's activity variances for May. (Indicate the effect of each variance by selecting "F" for favorable
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
Expenses:
Wages and salaries
Parts and supplies
Equipment depreciation
Truck operating expenses
Rent
Administrative expenses
Total expense
Net operating income
Transcribed Image Text:Compute the company's activity variances for May. (Indicate the effect of each variance by selecting "F" for favorable 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 Expenses: Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expense Net operating income
Jake's Roof Repair has provided the following data concerning its costs:
Fixed Cost
Cost per
per Month
$ 20,800
Wages and salaries
Parts and supplies
Equipment depreciation
Truck operating expenses
Repair-Hour
$ 15.00
$ 7.60
$ 0.45
$ 1.80
$ 2,770
$ 5,730
$ 4,610
$ 3,880
Rent
Administrative expenses
$ 0.60
For example, wages and salaries should be $20,800 plus $15.00 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 $49.00 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.)
Jake's Roof Repair
Activity Variances
For the Month Ended May 31
< Prev
4 of 4
Next
...... .....
Transcribed Image Text:Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost Cost per per Month $ 20,800 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Repair-Hour $ 15.00 $ 7.60 $ 0.45 $ 1.80 $ 2,770 $ 5,730 $ 4,610 $ 3,880 Rent Administrative expenses $ 0.60 For example, wages and salaries should be $20,800 plus $15.00 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 $49.00 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.) Jake's Roof Repair Activity Variances For the Month Ended May 31 < Prev 4 of 4 Next ...... .....
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