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Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $ 21,500 Cost per Repair-Hour $ 15.00 $ 7.80 $
Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $ 21,500 Cost per Repair-Hour $ 15.00 $ 7.80 $ 0.55 $ 1.50 $ 0.80 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses For example, wages and salaries should be $21,500 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 $53.00 per repair-hour. Revenue Expenses: Required: Compute the company's activity variances for May. Note: 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. $ 2,790 $ 5,700 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Jake's Roof Repair Activity Variances For the Month Ended May 31 Administrative expenses $4,700 $ 3,840 Total expense Net operating income
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