Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $ 21,200 Wages and salaries. Parts and supplies. Equipment depreciation Truck operating expenses Rent Administrative expenses. $ 0.35 $ 1.60 $ 0.70 For example, wages and salaries should be $21,200 plus $15.00 per repair-hour. The company expected to work 2,600 repair- hours in May, but actually worked 2,500 repair-hours. The company expects its sales to be $52.00 per repair-hour. Revenue Expenses: 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.) $ 2,710 $ 5,790 $ 4,670 $ 3,860 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 Cost per Repair-Hour $15.00 $7.10 Total expense Net operating income

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 1CE: The expected costs for the Maintenance Department of Stazler, Inc., for the coming year include:...
icon
Related questions
Question

Please do not give solution in image format ? And Fast Answering Please ? And Explain Proper Step by Step.

Jake's Roof Repair has provided the following data concerning its costs:
Fixed Cost
per Month
$ 21,200
Wages and salaries
Parts and supplies.
Equipment depreciation
Truck operating expenses
Rent
$ 0.35
$ 1.60
Administrative expenses.
$ 0.70
For example, wages and salaries should be $21,200 plus $15.00 per repair-hour. The company expected to work 2,500 repair-
hours in May, but actually worked 2,500 repair-hours. The company expects its sales to be $52.00 per repair-hour.
Revenue
Expenses:
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
Wages and salaries
Parts and supplies
Equipment depreciation
Truck operating expenses
Rent
$ 2,710
$ 5,790
$ 4,670
$ 3,860
Administrative expenses
Cost per
Repair-Hour
$15.00
$7.10
Total expense
Net operating income
Transcribed Image Text:Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $ 21,200 Wages and salaries Parts and supplies. Equipment depreciation Truck operating expenses Rent $ 0.35 $ 1.60 Administrative expenses. $ 0.70 For example, wages and salaries should be $21,200 plus $15.00 per repair-hour. The company expected to work 2,500 repair- hours in May, but actually worked 2,500 repair-hours. The company expects its sales to be $52.00 per repair-hour. Revenue Expenses: 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 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent $ 2,710 $ 5,790 $ 4,670 $ 3,860 Administrative expenses Cost per Repair-Hour $15.00 $7.10 Total expense Net operating income
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Cost allocation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,