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Jake's Roof Repair has provided the following data concerning its costs: Cost per Repair- Hour $15.00 $ 7.60 Fixed Cost per Month Wages and salaries
Jake's Roof Repair has provided the following data concerning its costs: Cost per Repair- Hour $15.00 $ 7.60 Fixed Cost per Month Wages and salaries $20,900 Parts and supplies Equipment depreciation $ 2,760 Truck operating $ 5,700 expenses Rent $ 4,690 Administrative $ 3,850 expenses $ 0.50 $ 1.90 $ 0.60 For example, wages and salaries should be $20,900 plus $15.00 per repair-hour. The company expected to work 2,700 repair-hours in May, but actually worked 2,600 repair-hours. The company expects its sales to be $48.00 per repair- hour. Required: Compute the company's activity variances for May. (Indicate arian by selecting "F" "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) favorable, 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
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