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Jakes Roof Repair provided the following data concerning its costs: Fixed Cost per Month Cost per Repair-Hour Wages and salaries $ 21,300 $ 15.00 Parts
Jakes Roof Repair provided the following data concerning its costs:
Fixed Cost per Month Cost per Repair-Hour Wages and salaries $ 21,300 $ 15.00 Parts and supplies $ 7.60 Equipment depreciation $ 2,800 $ 0.40 Truck operating expenses $ 5,780 $ 1.80 Rent $ 4,700 Administrative expenses $ 3,830 $ 0.70
For example, wages and salaries should be $21,300 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 $47.00 per repair-hour.
Required:
Compute the companys activity variances for May.
Jakes 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 expenses Net operating income
Jakes Roof Repair provided the following data concerning its costs:
Fixed Cost per Month | Cost per Repair-Hour | |
---|---|---|
Wages and salaries | $ 21,300 | $ 15.00 |
Parts and supplies | $ 7.60 | |
Equipment depreciation | $ 2,800 | $ 0.40 |
Truck operating expenses | $ 5,780 | $ 1.80 |
Rent | $ 4,700 | |
Administrative expenses | $ 3,830 | $ 0.70 |
For example, wages and salaries should be $21,300 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 $47.00 per repair-hour.
Required:
Compute the companys activity variances for May.
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