Question
Jakes Roof Repair has provided the following data concerning its costs: Fixed Cost per Month Cost per Repair-Hour Wages and salaries $ 23,200 $ 16.30
Jakes Roof Repair has provided the following data concerning its costs: Fixed Cost per Month Cost per Repair-Hour Wages and salaries $ 23,200 $ 16.30 Parts and supplies $ 8.60 Equipment depreciation $ 1,600 $ 0.40 Truck operating expenses $ 6,400 $ 1.70 Rent $ 3,480 Administrative expenses $ 4,500 $ 0.80 For example, wages and salaries should be $23,200 plus $16.30 per repair-hour. The company expected to work 2,800 repair-hours in May, but actually worked 2,900 repair-hours. The company expects its sales to be $44.50 per repair-hour. Required: Compute the companys 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 has provided the following data concerning its costs: Fixad Coat Cost par per Month Repair-Hour 23,200 Parts and supplies Equipnent depraciation Truck operating expenses S8.60 5 0.40 s 1.70 $ 1,60o $ 6r400 3,480 $ 4,500 s 0.80 For example, wages and salaries should be $23.200 plus $16.30 per repair-hour. The company expected to work 2,800 repair-hours in May. but actually worked 2,900 repair-hours. The company expects its sales to be $44.50 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 (.e, zero variance). Input all amounts as positive values.) ake's Roof Repair Activity Variances For the Month Ended May 31 Expenses: Wages and saleries Parts and supplies Equipment degpreciatian Truck operating expenses Rent dmisrative exenses Total exponse Net operating incomeStep by Step Solution
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