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Jake's Roof Repalr has provided the following data concerning Its costs: Fixed Cost Cost per Repair-Hour $ 15.00 $ 7.60 $ 0.45 $ 1.80 Wages and salaries Parts and supplies per Month $ 21,100 Equipment depreciation Truck operating expenses $ 2,780 $ 5,740 $ 4,660 $ 3,870 Rent Administrative expenses $ 0.60

Jake's Roof Repalr has provided the following data concerning Its costs: Fixed Cost Cost per Repair-Hour $ 15.00 $ 7.60 $ 0.45 $ 1.80 Wages and salaries Parts and supplies per Month $ 21,100 Equipment depreciation Truck operating expenses $ 2,780 $ 5,740 $ 4,660 $ 3,870 Rent Administrative expenses $ 0.60

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...
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I am having trouble with this chapter we moved on  to the necktie chapter last week but I'm still having trouble with some of the problems this is one of them

Jake's Roof Repalr has provided the followlng data concerning Its costs: Fixed Cost Cost per per Month $ 21,100 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Repair-Hour $ 15.00 $ 7.60 $ 0.45 $ 1.80 $ 2,780 $ 5,740 $ 4,660 $ 3,870 Rent Administrative expenses $ 0.60 For example, wages and salarles should be $21,100 plus $15.00 per repalr-hour. The company expected to work 2,600 repalr-hours In May, but actually worked 2,500 repair-hours. The company expects Its sales to be $53.00 per repalr-hour. Required: Compute the company's activity varlances for May. (Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positive values.) 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
Transcribed Image Text:Jake's Roof Repalr has provided the followlng data concerning Its costs: Fixed Cost Cost per per Month $ 21,100 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Repair-Hour $ 15.00 $ 7.60 $ 0.45 $ 1.80 $ 2,780 $ 5,740 $ 4,660 $ 3,870 Rent Administrative expenses $ 0.60 For example, wages and salarles should be $21,100 plus $15.00 per repalr-hour. The company expected to work 2,600 repalr-hours In May, but actually worked 2,500 repair-hours. The company expects Its sales to be $53.00 per repalr-hour. Required: Compute the company's activity varlances for May. (Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positive values.) 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
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