Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. jake's roof repair has provided the following data

Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month...

70.2K

Verified Solution

Question

Accounting

image

Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $ 21,100 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Cost per Repair-Hour $15.00 $ 7.50 $ 0.35 $ 1.70 $ 2,740 $ 5,730 $ 4,700 $ 3,810 $ 0.50 For example, wages and salaries should be $21,100 plus $15.00 per repair-hour. The company expected to work 2,800 repair-hours in May, but actually worked 2,700 repair-hours. The company expects its sales to be $53.00 per repair-hour. 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 Revenue Expenses: Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expense Net operating income

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Answer the following with True/False: You buy a put and a call option simultaneously in a...

Advance Math
1.2K views

(a) Find the limit of {(1/(n^(3/2)))-(3/n)+2} and use an epsilon, N argument to show that this...

Accounting
1.2K views

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility...

Mechanical Engineering
1.2K views

In a winter season when outside temperature is –1oC, the inside of house is to be...

Accounting
1.2K views

The following selected transactions were taken from the books of Ripley Company for 2018: 1.   On February...

Biology
1.2K views

A covalent bond is:an example of a bond that results in ionic compoundsthe transfer of...

Basic Math
1.2K views

29. Determine the amplitude, period, midline, and an equation involving cosine for the graph shown...

Statistics
1.2K views

The following pair of variables has a high positive linear correlation Number of car accid...

Accounting
1.2K views

The Inventory of Royal Decking consisted of five products. Information about the...

Accounting
1.2K views

. .. Ai Haading 1Heading 2 Text Box Waterways for Chapter 5 (WCP5 Fall Vice...

Accounting
1.2K views

433 QUICKBOOKS ONLINE PLUS: A Complete Course 2017 END-OF-CHAPTER QUESTIONS TRUE/FALSE ANSWER THE FOLLOWING QUESTIONS...

Accounting
1.2K views

if sales increase by 11% 813 A 8 C You are provided with the...