I am having trouble with this chapter we moved on to the necktie chapter last week but I'm still having trouble with some of the problems this is one of them Jake's Roof Repalr has provided the followlng data concerning Its costs:Fixed CostCost perper Month$ 21,100Wages and salariesParts and suppliesEquipment depreciationTruck operating expensesRepair-Hour$ 15.00$ 7.60$ 0.45$ 1.80$ 2,780$ 5,740$ 4,660$ 3,870RentAdministrative expenses$ 0.60For example, wages and salarles should be $21,100 plus $15.00 per repalr-hour. The company expected to work 2,600 repalr-hours InMay, but actually worked 2,500 repair-hours. The company expects Its sales to be $53.00 per repalr-hour.Required:Compute the company's activity varlances for May. (Indlcate the effect of each varlance by selecting "F" for favorable, "U" forunfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positive values.)Jake's Roof RepairActivity VariancesFor the Month Ended May 31RevenueExpenses.Wages and salariesParts and suppliesEquipment depreciationTruck operating expensesRentAdministrative expensesTotal expenseNet operating income

Unfavorable is when the revenue earned less in actual against the budget and more expense in actual…

Jake's Roof Repalr has provided the following data concerning Its costs: Fixed Cost Cost per Repair-Hour $ 15.00 $ 7.60 $ 0.45 $ 1.80 Wages and salaries Parts and supplies per Month $ 21,100 Equipment depreciation Truck operating expenses $ 2,780 $ 5,740 $ 4,660 $ 3,870 Rent Administrative expenses $ 0.60

Jake's Roof Repalr has provided the following data concerning Its costs: Fixed Cost Cost per Repair-Hour $ 15.00 $ 7.60 $ 0.45 $ 1.80 Wages and salaries Parts and supplies per Month $ 21,100 Equipment depreciation Truck operating expenses $ 2,780 $ 5,740 $ 4,660 $ 3,870 Rent Administrative expenses $ 0.60

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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Subject - account Please help me. Thankyou.
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