Jake's Roof Repair has provided the following data concerning its costs: Wages and salaries Parts and supplies Equipment depreciation Truck operating expenaes Fixed Cost per Honth $20,700 Cost per Repair-Hour $15.00 $ 7.70 2,790 $5.760 $ 4,660 $3,840 $0.50 $1.60 Rent Administrative expenses $0.70 For example, wages and salaries should be $20,700 plus $15.00o per repair-hour. The company expected to work 2,500 repair-hours in May, but actually worked 2,400 repair-hours. The company expects Its sales to be $50.00 per repair-hour. Required: Compute the company's activity varlances for May. (Indicate the effect of each varlance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (0.e., zero varlance). Input all amounts as positive values.) Jake's Roof Repair Activity Variances For the Month Ended May 31 Revenue Expensos Wages and salaries Parts and supples Equipment deprediation Truck operating expenses Rent Administrative erpenses Total apense Net operating income

Jake's Roof Repair has provided the following data concerning its costs: Wages and salaries Parts and supplies Equipment depreciation Truck operating expenaes Fixed Cost per Honth $20,700 Cost per Repair-Hour $15.00 $ 7.70 2,790 $5.760 $ 4,660 $3,840 $0.50 $1.60 Rent Administrative expenses $0.70 For example, wages and salaries should be $20,700 plus $15.00o per repair-hour. The company expected to work 2,500 repair-hours in May, but actually worked 2,400 repair-hours. The company expects Its sales to be $50.00 per repair-hour. Required: Compute the company's activity varlances for May. (Indicate the effect of each varlance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (0.e., zero varlance). Input all amounts as positive values.) Jake's Roof Repair Activity Variances For the Month Ended May 31 Revenue Expensos Wages and salaries Parts and supples Equipment deprediation Truck operating expenses Rent Administrative erpenses Total apense Net operating income

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...

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Jake’s Roof Repair has provided the following data concerning its costs: Fixed Costper Month Cost perRepair-Hour Wages and salaries $ 21,200 $ 15.00 Parts and supplies $ 7.20 Equipment depreciation $ 2,740 $ 0.45 Truck operating expenses $ 5,710 $ 1.80 Rent $ 4,640 Administrative expenses $ 3,890 $ 0.60 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 $51.00 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.)