Jakes Roof Repair has provided the following data concerning its costs: ...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Jakes Roof Repair has provided the following data concerning its costs:
Fixed Cost per Month
Cost per Repair-Hour
Wages and salaries
$
20,600
$
15.00
Parts and supplies
$
7.50
Equipment depreciation
$
2,710
$
0.40
Truck operating expenses
$
5,740
$
1.80
Rent
$
4,650
Administrative expenses
$
3,840
$
0.50
For example, wages and salaries should be $20,600 plus $15.00 per repair-hour. The company expected to work 3,000 repair-hours in May, but actually worked 2,900 repair-hours. The company expects its sales to be $50.00 per repair-hour.
Required:
Compute the companys 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 & 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!
