Compute the company's activity variances for May (Indicate the effect of each variance by selecting "F" for favorable, unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Revenue Expenses Jake's Roof Repair Activity Variances For the Month Ended May 311 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expense Net operating income

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter5: Process Costing
Section: Chapter Questions
Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...
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Question
Required:
Compute the company's activity variances for May (Indicate the effect of each variance by selecting "F" for favorable, for
unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
Revenue
Expenses:
Jake's Roof Repair
Activity Variances
For the Month Ended May 31
Wages and salaries
Parts and supplies
Equipment depreciation
Truck operating expenses
Rent
Administrative expenses
Total expense
Net operating income
Transcribed Image Text:Required: Compute the company's activity variances for May (Indicate the effect of each variance by selecting "F" for favorable, for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Revenue Expenses: Jake's Roof Repair Activity Variances For the Month Ended May 31 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expense Net operating income
Jake's Roof Repair has provided the following data conceming its costs:
Fixed Cost
per Month
$ 20,800
Cost per
Repair-Hour
$15.00
$ 7.70
$ 0.55
$ 1.90
Wages and salaries
Parts and supplies
Equipment depreciation
Truck operating expenses
Rent
Administrative expenses
For example, wages and salaries should be $20,800 plus $15.00 per repair-hour. The company expected to work 2,700 repair-hours in
May, but actually worked 2,600 repair-hours. The company expects its sales to be $47.00 per repair-hour.
$ 2,800
$ 5,720
$ 4,670
$3,860
Revenue
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.)
$ 0.70
Jake's Roof Repair
Activity Variances
For the Month Ended May 31
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Transcribed Image Text:Jake's Roof Repair has provided the following data conceming its costs: Fixed Cost per Month $ 20,800 Cost per Repair-Hour $15.00 $ 7.70 $ 0.55 $ 1.90 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses For example, wages and salaries should be $20,800 plus $15.00 per repair-hour. The company expected to work 2,700 repair-hours in May, but actually worked 2,600 repair-hours. The company expects its sales to be $47.00 per repair-hour. $ 2,800 $ 5,720 $ 4,670 $3,860 Revenue 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.) $ 0.70 Jake's Roof Repair Activity Variances For the Month Ended May 31 Prev 13 of 13 Next
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