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Exercise 9-7 (Algo) Flexible Budgets and Activity Variances [LO9-1, LO9-2] Jake's Roof Repair provided the...

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Accounting

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Exercise 9-7 (Algo) Flexible Budgets and Activity Variances [LO9-1, LO9-2] Jake's Roof Repair provided the following data concerning its costs: For example, wages and salaries should be $21,200 plus $15.00 per repair-hour. The company expected to work 2,800 repair-h May but actually worked 2.700 repair-hours. The company expects its sales to be $45.00 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., ze variance). Input all amounts as positive values

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