Jake's Roof Repair has provided the following data concerning its costs: Wages and salaries Parts and supplies Equipment depreciation Truck operating expenaes Fixed Cost per Honth $20,700 Cost per Repair-Hour $15.00 $ 7.70 2,790 $5.760 $ 4,660 $3,840 $0.50 $1.60 Rent Administrative expenses $0.70 For example, wages and salaries should be $20,700 plus $15.00o per repair-hour. The company expected to work 2,500 repair-hours in May, but actually worked 2,400 repair-hours. The company expects Its sales to be $50.00 per repair-hour. Required: Compute the company's activity varlances for May. (Indicate the effect of each varlance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (0.e., zero varlance). Input all amounts as positive values.) Jake's Roof Repair Activity Variances For the Month Ended May 31 Revenue Expensos Wages and salaries Parts and supples Equipment deprediation Truck operating expenses Rent Administrative erpenses Total apense Net operating income
Jake's Roof Repair has provided the following data concerning its costs: Wages and salaries Parts and supplies Equipment depreciation Truck operating expenaes Fixed Cost per Honth $20,700 Cost per Repair-Hour $15.00 $ 7.70 2,790 $5.760 $ 4,660 $3,840 $0.50 $1.60 Rent Administrative expenses $0.70 For example, wages and salaries should be $20,700 plus $15.00o per repair-hour. The company expected to work 2,500 repair-hours in May, but actually worked 2,400 repair-hours. The company expects Its sales to be $50.00 per repair-hour. Required: Compute the company's activity varlances for May. (Indicate the effect of each varlance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (0.e., zero varlance). Input all amounts as positive values.) Jake's Roof Repair Activity Variances For the Month Ended May 31 Revenue Expensos Wages and salaries Parts and supples Equipment deprediation Truck operating expenses Rent Administrative erpenses Total apense Net operating income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please answer complete and properly
![Jake's Roof Repair has provided the following data concerning its costs:
Fixed Cost
per Honth
$20,700
Wages and salaries
Parts and supplies
Equipment depreciation
Truck operating expenses
Rent
Administrative expenses
$ 2,790
$ 5,760
$ 4,660
$ 3,840
Cost per
Repair-Hour
$15.00
$ 7.70
$ 0.50
$1.60
$0.70
For example, wages and salaries should be $20,700 plus $15.00 per repair-hour. The company expected to work 2,500 repair-hours in
May, but actually worked 2,400 repair-hours. The company expects Its sales to be $50.00 per repair-hour.
Required:
Compute the company's activity varlances for May. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (0.e., zero varlance). Input all amounts as positive values.)
Jake's Roof Repair
Activity Varlances
For the Month Ended May 31
Revenue
Expensos
Wages and nalaries
Parts and supplies
Equipment depreciation
Truck operating expenses
Rent
Administrative expenses
Total apense
Net operating income](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb26c1071-7c96-4aac-b283-dd50334d00f0%2F6890705b-42db-4491-a9cd-5f1bf314e1ad%2Fr73ohzi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Jake's Roof Repair has provided the following data concerning its costs:
Fixed Cost
per Honth
$20,700
Wages and salaries
Parts and supplies
Equipment depreciation
Truck operating expenses
Rent
Administrative expenses
$ 2,790
$ 5,760
$ 4,660
$ 3,840
Cost per
Repair-Hour
$15.00
$ 7.70
$ 0.50
$1.60
$0.70
For example, wages and salaries should be $20,700 plus $15.00 per repair-hour. The company expected to work 2,500 repair-hours in
May, but actually worked 2,400 repair-hours. The company expects Its sales to be $50.00 per repair-hour.
Required:
Compute the company's activity varlances for May. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (0.e., zero varlance). Input all amounts as positive values.)
Jake's Roof Repair
Activity Varlances
For the Month Ended May 31
Revenue
Expensos
Wages and nalaries
Parts and supplies
Equipment depreciation
Truck operating expenses
Rent
Administrative expenses
Total apense
Net operating income
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