4:44 Jake's Roof Repair provided the following data concerning its costs: Fixed Cost Cost per per Month Repair-Hour Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses $ 21,000 $ 15.00 $ 7.50 $ 2,760 $ 0.50 $ 5,780 $ 1.80 $ 4,670 $ 3,820 $ 0.70 For example, wages and salaries should be $21,000 plus $15.00 per repair-hour. The company expected to work 2,500 repair-hours in May but actually worked 2,400 repair-hours. The company expects its sales to be $51.00 per repair-hour. Required: Compute the company's activity variances for May. Note: 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. Revenue Jake's Roof Repair Activity Variances For the Month Ended May 31
4:44 Jake's Roof Repair provided the following data concerning its costs: Fixed Cost Cost per per Month Repair-Hour Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses $ 21,000 $ 15.00 $ 7.50 $ 2,760 $ 0.50 $ 5,780 $ 1.80 $ 4,670 $ 3,820 $ 0.70 For example, wages and salaries should be $21,000 plus $15.00 per repair-hour. The company expected to work 2,500 repair-hours in May but actually worked 2,400 repair-hours. The company expects its sales to be $51.00 per repair-hour. Required: Compute the company's activity variances for May. Note: 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. Revenue Jake's Roof Repair Activity Variances For the Month Ended May 31
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help me with show all calculation and don't provide excel work thanku
Transcribed Image Text:4:44
Jake's Roof Repair provided the following data concerning its costs:
Fixed Cost Cost per
per Month Repair-Hour
Wages and salaries
Parts and supplies
Equipment depreciation
Truck operating expenses
Rent
Administrative expenses
$ 21,000
$ 15.00
$ 7.50
$ 2,760
$ 0.50
$ 5,780
$ 1.80
$ 4,670
$ 3,820 $ 0.70
For example, wages and salaries should be $21,000 plus $15.00 per repair-hour. The company expected to work 2,500 repair-hours in
May but actually worked 2,400 repair-hours. The company expects its sales to be $51.00 per repair-hour.
Required:
Compute the company's activity variances for May.
Note: 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.
Revenue
Jake's Roof Repair
Activity Variances
For the Month Ended May 31
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