Exercise 9-8 Flexible Budgets and Activity Variances [LO9-1, LO9-2] Jake's Roof Repair has provided the...
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Exercise 9-8 Flexible Budgets and Activity Variances [LO9-1, LO9-2] Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month s 21,20e Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses ost per Repair-Hour 16.00 $7.30 $ 0.45 $ 1.70 $ 2,790 $ 5,75e $ 4,69 ook 3,8e00.40 Hint For example, wages and salaries should be $21.200 plus $16.00 per repair-hour. The company expected to work 2,600 repair-hours in May, but actually worked 2500 repair-hours. The company expects its sales to be $4700 per repair-hour Print 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.) eferences 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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