PLEASE ANSWERS ALL OF THE FOUR QUESTIONS! THANKS

- Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $ 20,800 Cost per Repair-Hour $15.00 $ 7.10 $ 0.40 $ 1.50 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses 25 points $ 2,800 $ 5,800 $ 4,630 $ 3,830 $ 0.60 eBook For example, wages and salaries should be $20,800 plus $15.00 per repair-hour. The company expected to work 2,800 repair-hours in May, but actually worked 2,700 repair-hours. The company expects its sales to be $44.00 per repair-hour. Hint 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 (i.e., zero variance). Input all amounts as positive values.) Print References 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 Check The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports-the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 63 students enrolled in those two courses. Data concerning the company's cost formulas appear below: 25 points Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Fixed Cost per Cost per Cost per Month Course Student $ 2,960 $300 $1,210 $ 85 $5,100 $2,300 $3,800 $ 40 $ 6 eBook Print For example, administrative expenses should be $3,800 per month plus $40 per course plus $6 per student. The company's sales should average $860 per student. References The company planned to run four courses with a total of 63 students; however, it actually ran four courses with a total of only 57 students. The actual operating results for September appear below: Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $51, 280 $11,120 $ 18, 750 $ 1,960 $ 2,440 $ 3,764 Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September (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.) Gourmand Cooking School Flexible Budget Performance Report HUMILITIS LI ALIVE capisc5 ? ,104 Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (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.) 25 points Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 eBook Actual Results Flexible Budget Planning Budget Print Courses Students 57 References $ 51,280 Revenue Expenses: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 11,120 18,750 1,960 5,100 2,440 3,764 43,134 8,146 $ You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you can to help us get better control of our manufacturing overhead costs." You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control. 25 points After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: Cost Formula eBook Utilities Maintenance Supplies Indirect labor Depreciation Actual Cost in March $ 20,980 $ 52,400 $ 15,100 $123, 900 $ 69, 700 $38,200 plus $1.20 per machine-hour $0.90 per machine-hour $94,100 plus $1.70 per machine-hour $68,000 Print References During March, the company worked 15,000 machine-hours and produced 9,000 units. The company had originally planned to work 17,000 machine-hours during March. Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the activity variances for March. (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.) FAB Corporation Activity Variances For the Month Ended March 31 Graw 1. Calculate the activity variances for March. 2. Calculate the spending variances for March. Complete this question by entering your answers in the tabs below. 25 points Required 1 Required 2 eBook Calculate the activity variances for March. (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.) Print References FAB Corporation Activity Variances For the Month Ended March 31 Utilities Maintenance Supplies Indirect labor Depreciation Total Required 1 Required 2 > The St. Lucia Blood Bank, a private charity partly supported by government grants, is located on the Caribbean island of St. Lucia. The blood bank has just finished its operations for September, which was a particularly busy month due to a powerful hurricane that hit neighboring islands causing many injuries. The hurricane largely bypassed St. Lucia, but residents of St. Lucia willingly donated their blood to help people on other islands. As a consequence, the blood bank collected and processed over 20% more blood than had been originally planned for the month. 25 points A report prepared by a government official comparing actual costs to budgeted costs for the blood bank appears below. Continued support from the government depends on the blood bank's ability to demonstrate control over its costs. eBook St. Lucia Blood Bank Cost Control Report For the Month Ended September 30 Actual Planning Results Budget Liters of blood collected 590 470 Variances Print $1,880 U 235 U 370 U References Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Total expense $ 10,575 $ 8,695 6, 157 5,922 4,270 3,900 1,700 1,700 948 850 12,811 12,251 $ 36,461 $33,318 98 U 560 U $3,143 U the emergency on the neighboring islands. He also pointed out that the additional costs had been fully covered by payments from grateful recipients on the other islands. The government official who prepared the report countered that all of the figures had been submitted by the blood bank to the government; he was just pointing out that actual costs were a lot higher than promised in the budget. The following cost formulas were used to construct the planning budget: Medical supplies Lab tests Equipment depreciation Rent Utilities Cost Formulas $18.50 $12.60 $3,900 $1,700 $850 Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Cost Formulas $18.500 $12.600 $3,900 $1,700 $850 $10,700 + $3.309 25 points Required: 1. Complete the flexible budget performance report for September. (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.) eBook Print St. Lucia Blood Bank Flexible Budget Performance Report For the Month Ended September 30 Flexible Budget References Actual Results Planning Budget 470 Liters of blood collected 590 10,575 Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Total expense 6,157 4,270 1,700 948 12,811 36,461 8,695 5,922 3,900 1,700 850 12,251 33,318 $ $