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Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost Cost per per Month Repair-Hour $ 23,200 $ 16.30 $ 8.60 $ 0.40 $ 1.70 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses 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. Revenue Expenses: $ 1,600 $ 6,400 $ 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 Answer is complete but not entirely correct. Jake's Roof Repair Activity Variances For the Month Ended May 31 Administrative expenses Total expense Net operating income $ 0.80 $ 4,600 F 1,500 X U 750 U 45 X U 170 U 0 50 X U 2,515 XU $ 20,850 F None

Jake's Roof Repair has provided the following data concerning its costs For example, wages and salaries should be $23,200 plus $1630 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: 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.) Answer is complete but not entirelv correct

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