Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. prepare a flexible budget for the company in exerc

Prepare a flexible budget for the company in exercise 10-14 for 2900 units. ...

70.2K

Verified Solution

Question

Accounting

Prepare a flexible budget for the company in exercise 10-14 for 2900 units. image
EXERCISE 10-14 Flexible Budgets and Activity Variances (L01, LO2) Jake's Roof Repair has provided the following data concerning its costs: Flexible Budgets and Performance Analysis Fixed Cost per Month $23,200 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses. Cost per Repair-Hour $16.30 $8.60 $0.40 $1.70 $1,600 $6,400 $3,480 $4,500 $0.80 For example, wages and salaries should be $23 200 plus $16.30 per repair-hour. The company ex- pected to work 2800 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

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

#14.60 Consider the following reaction: CO(g)+H2O(g)⇌CO2(g)+H2(g) Kp=0.0611 at 2000 K A reaction mixture initially contains a CO...

Chemistry
Q

When do we use the Hook development length??? and is it applicable for the tension steel...

Civil Engineering
Q

PHYS/BIOL 464 Medical Imaging Instrumentation MRI HW 7A 1.During the magnetic resonance relaxation process after a 90° pulse: A, Longitudinal...

Physics
Q

Q4 An ideal gas expands isothermally from a volume V to V and then compressed...

Physics
Q

SQ 2 A block of mass 1 kg was initially at rest It was pulled...

Physics
Q

Terry is skiing down a steep hill. Terry's elevation, E(t), in feet after seconds is...

Basic Math
Q

Graded Assignment Question 1 of 8 View Policies Current Attempt in Progress Transactions that affect...

Accounting
Q

Acme Financial issues letters of credit to importers for overseas purchases. The company charges a...

Accounting
Q

Sharp Company manufactures a product with the following standards: During March, the company purchased direct...

Accounting
Q

Crane Ltd issued $1,200,000 of 10years, 5% bonds on January 1,2024,when the market interest rate...

Accounting
Q

Please show work. Thank you! Complete the following partial flexible budget performance report and...

Accounting
Q

Wilson holds a portfolio that invests equally in three stocks (wAwA = wBwB = wCwC...

Finance