CoursHeroTranscribedText: Flexible Budgets and Activity Variances Jake's Roof Repair has provided the following data concerning...
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CoursHeroTranscribedText: Flexible Budgets and Activity Variances Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost Cost per per Month Repair-Hour Wages and salaries . ..... $23,200 $16.30 Parts and supplies .. $8.60 Equipment depreciation . .. ..... $1,600 $0.40 Truck operating expenses $6,400 $1.70 Rent. . . $3,480 Administrative expenses. . $4,500 $0.80 Page 463 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. Required: Prepare a report showing the company's activity variances for May. Note: To prepare activity variance, you do not need actual results, so above given information is enough
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