Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. jake's roof repair has provided the following data

Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month...

90.2K

Verified Solution

Question

Accounting

image

Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $ 21,500 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Cost per Repair-Hour $15.00 $ 7.50 $ 0.35 $ 1.50 $ 2,720 $ 5,770 $ 4,660 $ 3,900 $ 0.50 For example, wages and salaries should be $21,500 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.) 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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Match each interval with the correct set builder expression by selecting a letter from each...

Basic Math
Q

For this task you will examine the experiments of Loftus and Gardner. Describe and analyze each...

Psychology
Q

Find the vector and parametric equations for the plane. The plane that contains the lines r1(t)...

Advance Math
Q

Write this ratio as a fraction in simplest form without any units 4 feet to...

Basic Math
Q

In 1965 about 44 of the U S adult population had never smoked cigarettes A...

Statistics
Q

8 Using the second derivative test find the maximum and minimum points for the function...

Calculus
Q

) Concose Park Department is considering a new capital investment. The following information is available...

Accounting
Q

Following is information on two alternative investment projects being considered by...

Accounting
Q

11. Samby Corporation's balance sheet reported the following: Common stock outstanding, 5,000 shares, par $30...

Accounting
Q

1. Anderson Ltd. manufacture gearboxes for use in cars. At the start of the year,...

Accounting
Q

MB 10 The management of Zigby Manufacturing prepared the following balance sheet for...

Accounting
Q

Question 8 What specific location is credited with the advent (beginning) of modern insurance? O...

Finance