3 Jake\'s Roof Repair has provided the following data concerning its costs Fixed
ID: 2341796 • Letter: 3
Question
3 Jake's Roof Repair has provided the following data concerning its costs Fixed Cost per 1.51 points per Month Repair-Hour $21,200 $15.00 s 7.40 Parts and supplies Equipment depreciation 2,770 0.4e Truck operating expenses $ 5,700 $ 1.7e Rent Administrative expenses $ 3,848 s e.5e eferencesTruck $ 4,680 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 $49.00 per repair-hour. Compute the company's activity varlances for May. (Indicate the effect of each variance by selecting "F" for favorable, "U unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) for Jake's Roof Repair Activity Variances 31Explanation / Answer
Jake's Roof Repair Activity Variances For the Month Ended May 31 Planned Budget Flexible budget Activity Variances Repair Hours (Q) 2600 2500 Revenue (49*Q) 127400 122500 4900 U Expenses: Wages & Salaries (21200+15*Q) 60200 58700 1500 F Parts & Supplies (7.4*Q) 19240 18500 740 F Equipment Depreciation (2770+0.4*Q) 3810 3770 40 F Truck Operating expenses (5700+1.7*Q) 10120 9950 170 F Rent 4680 4680 0 Administrative Expenses (3840+0.5Q) 5140 5090 50 F Total Expense 103190 100690 2500 F Net Operating income 24210 21810 2400 U
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