CVP-Me-The Soon's Application Question

Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $21,000 Cost per Repair-Hour $15.00 $7.50 $ 0.35 $ 1.70 $ 0.70 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses For example, wages and salaries should be $21,000 plus $15.00 per repair-hour. The company expected to work 2,900 repair-hours in May, but actually worked 2,800 repair-hours. The company expects its sales to be $51.00 per repair-hour Revenue Expenses $ 2,710 $ 5,740 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.) $ 4,620 $ 3,820 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 Total expense Net operating…

Jake's Roof Repair provided the following data concerning its costs: Fixed Cost Cost per per Month Repair-Hour Wages and salaries Parts and supplies Equipment depreciation $ 21,200 $ 15.00 $ 7.10 $ 2,770 $ 0.45 Truck operating expenses Rent $ 5,720 $ 1.60 $ 4,640 $ 3,880 $ 0.50 Administrative expenses For example, wages and salaries should be $21,200 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 $54.00 per repair-hour. 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. Revenue Expenses: Jake's Roof Repair Activity Variances For the Month Ended May 31 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expenses Net…

Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost Cost per per Month $ 21,200 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Repair-Hour $15.00 $ 7.50 $ 0.50 $ 1.60 $ 2,770 $ 5,710 $ 4,680 $ 3,870 Rent Administrative expenses $ 0.40 For example, wages and salaries should be $21,200 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. 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.)

Jake's Roof Repair provided the following data concerning its costs: Fixed Cost Cost per per Month Repair-Hour Wages and salaries Parts and supplies Equipment depreciation $ 20,700 $ 15.00 $ 7.70 $ 2,770 $ 0.45 Truck operating expenses Rent $ 5,780 $ 1.80 $ 4,600 $ 3,870 $ 0.40 Administrative expenses For example, wages and salaries should be $20,700 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 $51.00 per repair-hour. 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. Answer is not complete. Jake's Roof Repair Activity Variances For the Month Ended May 31 Revenue U Expenses: Wages and salaries F ✓ Parts and supplies F Equipment depreciation F Truck operating expenses F Rent None…

Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost Cost per per Month Repair-Hour Wages and salaries Parts and supplies $ 21,400 $ 15.00 $ 7.20 Equipment depreciation $ 2,740 $ 0.55 Truck operating expenses Rent $ 5,720 $ 1.70 $ 4,660 $ 3,880 $ 0.70 Administrative expenses For example, wages and salaries should be $21,400 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 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. Revenue Expenses: Jake's Roof Repair Activity Variances For the Month Ended May 31 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expense Net…

The Oriole Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $56 a night. Operating costs are as follows. Salaries Utilities Maintenance Depreciation 1,300 Maid service $5,800 Other costs 2.700 700 8 34 per month per month per month per month per room. per room

The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $56 a night. Operating costs are as follows. Salaries Utilities Depreciation Maintenance Maid service Other costs $10,600 per month 2.600 per month 1,400 per month 700 per month 7 31 per room 2 Determine the inn's break-even point in (1) number of rented rooms per month and (2) dlars. per room Break-even point in rooms Break-even point

Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $ 23, 200 Cost per Repair-Hour $16.30 $ 8.60 $ 0.40 $ 1.70 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Revenue Expenses: $ 1,600 $ 6,400 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. $ 3,480 $ 4,500 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.) 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 Total expense Net operating…

Presented below are data for an electrical repair shop for next year. Time charge Material loading charge Wages 140,000 Fringe benefits 60,000 Overhead 100,000 The rate charge per hour of labor is $70. The material loading charge is 40% of invoice cost of parts and materials. The shop estimates that 10,000 labor hours will be worked next year and the invoice cost of expected parts and materials was 2,000,000. $250,000 100,000 50,000 1. Calculate the desired profit margin per hour of labor 2. If the shop repairs a TV that takes 2.5 hours to repair and uses parts of $200, compute the bill for this job -

The following information relates to labor for Sandhill Appliance Repair Shop. Repair-technicians' wages Fringe benefits Overhead $133,400 58,000 Total cost 87,000 The desired profit margin per hour is $22. The material loading charge is 60% of invoice cost. Sandhill estimates that 5,800 labor hours will be worked next year. If Sandhill repairs a dishwasher that takes 1.2 hours to repair and uses parts that cost $90, compute the bill for the job. SUPPORT

ChimneySweep provides cleaning services for residential chimneys and fireplaces. The cleaning service requires $35 in variable costs for cleaning materials. The fixed costs of labor, the company’s truck, and administrative support are $165,000 per year. ChimneySweep averages 100 service calls per month. What is the average cost per cleaning service call? Round your answer to 2 decimal places.

A property has the following:           100 studio units renting for $900 / month       120 one-bedroom units renting for $1,200 / month       125 two-bedroom units renting for $1,500 / month     Vacancy and uncollectible rent losses amount to 7% of potential gross rent   Parking income amounts to $2,500 / month                     What is the annual Effective Gross Income

The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $60 a night. Operating costs are as follows. Salaries   $10,850  per month Utilities   2,900  per month Depreciation   1,600  per month Maintenance   850  per month Maid service   8  per room Other costs   34  per room     Determine the inn’s break-even point in (1) number of rented rooms per month and (2) dollars. 1.   Break-even point in rooms     2.   Break-even point   $      If the inn plans on renting an average of 50 rooms per day (assuming a 30-day month), what is (1) the monthly margin of safety in dollars and (2) the margin of safety ratio? (Round ratio to 0 decimal places, e.g. 10.) 1.   Margin of safety   $    2.   Margin of safety ratio      %

The following information relates to labor for Bridgeport Appliance Repair Shop. Repair-technicians' wages Fringe benefits Overhead The desired profit margin per hour is $27. The material loading charge is 60% of invoice cost. Bridgeport estimates that 5,600 labor hours will be worked next year. If Bridgeport repairs a dishwasher that takes 1.6 hours to repair and uses parts that cost $80, compute the bill for the job. Total cost $140,000 39,200 61,600 $

The Palmer Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents at $ 70 a night. Operating costs are as follows. $ 5,700 per month $ 1,200 per month Salaries Utilities Depreciation $ 1,000 per month Maintenance $ 3,720 per month Maid service $ 14 per room Other costs $ 28 per room Determine the inn's break-even point in number of rented rooms per month. Break-even point rooms LINK Tο ΤΕXT VIDEO: APPLIED SKILLS Determine the inn's break-even point in dollars. Break-even point 2$

The Sandhill Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rent at $120 a night. Operating costs are as follows: Salaries $5400 per month Utilities $1300 per month Depreciation $1100 per month Maintenance $2520 per month Maid service $33 per room Other costs $63 per room a/ Determine the inn’s break-even point in number of rented rooms per month. b/Determine the inn’s break-even point in dollars.

Jake’s Roof Repair has provided the following data concerning its costs:     Fixed Costper Month   Cost perRepair-Hour Wages and salaries $ 20,900   $ 15.00 Parts and supplies       $ 7.60 Equipment depreciation $ 2,730   $ 0.55 Truck operating expenses $ 5,750   $ 1.60 Rent $ 4,650       Administrative expenses $ 3,870   $ 0.70     For example, wages and salaries should be $20,900 plus $15.00 per repair-hour. The company expected to work 2,900 repair-hours in May, but actually worked 2,800 repair-hours. The company expects its sales to be $48.00 per repair-hour. Required: Compute the company’s activity variances for May.

William Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base salary of $1,510 per month. One of the barbers serves as the manager and receives an extra $580 per month. In addition to the base salary, each barber also receives a commission of $8.40 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines William currently charges $18.00 per haircut. (a) Determine the unit variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.) Your answer is correct.. Total unit variable cost per haircut Total fixed costs (b) $300 per month $1,020 per month $0.45 per haircut $150 per month plus $0.15 per haircut $30 per month eTextbook and Media (d) V Your answer is correct. Break-even point Break-even point sales $ Compute the break-even point in sales units and in sales dollars. eTextbook and Media Your answer is incorrect. $ Net income $ $ 1070 19260 9 9630 haircuts Determine…

American Investor Group is opening an office in Portland, Oregon. Fixed monthly costs are office rent ($8,800), depreciation on office furniture ($1,800), utilities ($2,500), special telephone lines ($1,500), a connection with an online brokerage service ($2,400), and the salary of a financial planner ($4,000). Variable costs include payments to the financial planner (9% of revenue), advertising (11% of revenue), supplies and postage (4% of revenue), and usage fees for the telephone lines and computerized brokerage service (6% of revenue). Read the requirements. Requirement 1. Use the contribution margin ratio approach to compute American's breakeven revenue in dollars. If the average trade leads to $750 in revenue for American, how many trades must be made to break even? Begin by showing the formula and then entering the amounts to calculate the required sales dollars for American to break even. (Abbreviation used: CM = contribution margin.) Fixed costs Target profit ) + CM ratio =…

The Cullumber Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents at $100 a night. Operating costs are as follows: Salaries   $7,500  per month Utilities   $1,000  per month Depreciation   $1,100  per month Maintenance   $2,940  per month Maid service   $24  per room Other costs   $46  per room     Determine the inn’s break-even point in number of rented rooms per month. Break-even point   enter the break-even point in number of rented rooms  rooms     Determine the inn’s break-even point in dollars. Break-even point in   $enter the break-even point in dollars

A hotel pays the phone company $100 per month plus $.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made.Required:1. Calculate the hotel’s phone bills for January and February.2. Calculate the cost per phone call in January and in February.                        3. Separate the January phone bill into its fixed and variable components.4. What is the marginal cost of one additional phone call in January?5. What was the average cost of a phone call in January?

The Palmer Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents at $ 55  a night. Operating costs are as follows. Salaries   $ 5,100  per month Utilities   $ 1,400  per month Depreciation   $ 1,100  per month Maintenance   $ 1,464  per month Maid service   $ 11  per room Other costs   $ 22  per room     Determine the inn’s break-even point in number of rented rooms per month. Break-even point   enter the break-even point in number of rented rooms per month  rooms   eTextbook and Media                     Determine the inn’s break-even point in dollars. Break-even point   $enter the break-even point in dollars

please answer in 30 minutes.

The Pharoah Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents at $65 a night. Operating costs are as follows: Salaries Utilities Depreciation Maintenance Maid service Other costs $5,200 per month $1,200 per month $1,300 per month $3,324 per month $13 per room $26 per room Determine the inn's break-even point in number of rented rooms per month. Break-even point eTextbook and Media Determine the inn's break-even point in dollars. Break-even point in 5 rooms