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.
Mr Smith has been working hard for the last ten years in MarksPush Limited, and he has requested frequently his immediate boss and other concerned officers to consider himself for the promotion. Even though some other junior workers are promoted, the promotion requests of Mr Smith are always ignored. Finally, Mr Smith decided to resign since he thought he was not fairly treated and therefore not promoted. He has secured a similar job in XYZ Limited, one of MarksPush Limited's competitors, based on his qualification and competency. Mr Smith understands that the IT department of MarksPush Limited is not efficient, and there are no defined procedures for the account and passwords of terminated employees. Mr Smith further confirmed that his account and password for MarksPush Limited were still active. Using these details, Mr Smith accessed, copied and brought many innovative engineering designs from MarksPush Limited to XYZ Limited. 1.Based on the given information, identify and explain…
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Pick one answer: Brian is trying to analyze his income and expenses for the past week. He comes across an invoice from the local parts store for a circuit board for a Carrier furnace. He knows he needed the part to fix Mrs. Crow's furnace last week. What type of an expense is the circuit board? Indirect expense Direct Expense Fixed expense Overhead expense
The company eHarbour is expanding and needs to hire new employees for new software development in other regions, but the company is having a hard time finding good employees to fill positions. In your role as a paralegal or legal assistant working for eHarbour, discuss what type of visa programs exist to allow foreign workers to fill specialty occupations. Discuss what types of positions at eHarbour could qualify for the visa program. Discuss the advantages and disadvantages of sponsoring a visa program for employees. How can bringing in employees born outside the United States add value to the company? What can current employees and the owners of eHarbour do to make foreign employees feel included?
Sam is the superintendent for the new dorm project your company is building on campus. He really doesn't care for Fred the foreman for the steel erection crew, which is set to start setting steel in 3 weeks. Sam has been angling for a while now to work the steel crew overtime and get them off the job faster. He has a point, if the crew works a straight 40 hrs (8 hrs/day for 5 days/wk) then they will need 6 weeks to set the steel frame. If they work 4 hrs overtime each day (12 hrs/day for 5 days/wk), then they will only need 4 weeks onsite. It is your responsibility as the new assistant project manager to settle the issue. You know there will be an increase in labor cost, but that will be offset by a savings on the crane rental. The crane rents for $8,000 per week. Now you need to know the increase in labor costs. The entire crew consists of 10 workers that are all paid the same $27/hr base wage. Overtime is paid as time and a half for hours over 40. Item Base Wage $27 per hour Social…
In 1998 a council-owned factory began selling replacement windows to outside customers for the first time. At the time the factory was making losses and the council needed to make severe budget cuts. The new customers have helped to reduce the losses in 1999 and a return to profits is required in 2000.An order for a special type of window has been received. The factory manufactures this type of window very occasionally and there is some partially completed inventory from last year. The inventory relates to an order from the council that was cancelled to save costs. The special windows are typically 30% complete and some of the material can be used for the new order. The accountant still has detailed records of the work done last year.The accountant has provided the following information for the factory managers.Costs incurred last year on special windows now held in inventoryPVC material = £5,000Labour = £3,000(i) The factory was planning to sell the inventory of special windows to a…
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Solve the quations: Tony and his team identified some risks during the first month of the Recreation and Wellness Intranet Project. However, all they did was document the risks in a list. They never ranked the risks or developed any response strategies. Because the project has had several problems, such as key team members leaving the company, users being uncooperative, and team members not providing good status information. Tony has decided to be more proactive in managing risks. He also wants to address positive risks as well as negative risks. The question is : Create a risk register for the project. Identify six potential risks, including risks related to the problems described in the previous paragraph. Include negative and positive risks.
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Claudia is learning about differential analysis in Chapter 25 this week. She made a goal to try and go one chapter without getting mad. However, there is something that is driving her crazy: She can’t figure out what the purpose of the “differential” column is. She points out the “Lease or Sell” example in the book with total income calculated for each alternative. “Clearly, leasing would provide a higher income than selling, so why do we need that stupid third column?” Claudia asks aloud. “I bet it’s just those dumb old accountants that have nothing better to do than waste our time with extra work.” Please summarize what differential analysis is and explain to Claudia why you think that “third column” might be important. Alternatively, if you totally agree with Claudia on this issue, please support your position.