Jake's Roof Repair | ||||
Activity Variances | ||||
For the month ended May 31 | ||||
$ | ||||
Revenue | 4,400.00 | U | ||
Expenses: | ||||
Wages and Salaries | 1,500.00 | F | ||
Parts and supplies | 760.00 | F | ||
Equipment depreciation | 50.00 | F | ||
Truck Operating Expenses | 180.00 | F | ||
Rent | - | None | ||
Administrative Expenses | 70.00 | F | ||
Total Expense | 2,560.00 | F | ||
Net Operating Income | 1,840.00 | U | ||
Explanations | ||||
Jake's Roof Repair | ||||
Activity Variances | ||||
For the month ended May 31 | ||||
Planning Budget | Flexible Budget | Activity Variances | ||
($) | ($) | |||
Repairs - hours (q) | 2,800.00 | 2,700.00 | ||
Revenue (44*q) | 123,200.00 | 118,800.00 | 4,400.00 | U |
Expenses: | ||||
Wages and Salaries [20,500+(15*q)] | 62,500.00 | 61,000.00 | 1,500.00 | F |
Parts and supplies (7.60*q) | 21,280.00 | 20,520.00 | 760.00 | F |
Equipment depreciation [2,740+(0.50*q)] | 4,140.00 | 4,090.00 | 50.00 | F |
Truck Operating Expenses [5,790+(1.8*q)] | 10,830.00 | 10,650.00 | 180.00 | F |
Rent | 4,600.00 | 4,600.00 | - | None |
Administrative Expenses [3,800+(0.70*q)] | 5,760.00 | 5,690.00 | 70.00 | F |
Total Expense | 109,110.00 | 106,550.00 | 2,560.00 | F |
Net Operating Income | 14,090.00 | 12,250.00 | 1,840.00 | U |
(Revenue - Expenses) |
Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $...
Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $ 20,500 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Cost per Repair-Hour $15.00 $ 7.40 $ 0.40 $ 1.60 $ 2,770 $ 5,750 $ 4,630 $ 3,830 $ 0.70 For example, wages and salaries should be $20,500 plus $15.00 per repair-hour. The company expected to work 2,900 repair-hours in May, but actually worked 2,800 repair-hours. The company expects...
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 $ 7.40 $ 0.45 $ 1.90 $ 2,730 $ 5,790 $ 4,660 $ 3,810 $ 0.50 For example, wages and salaries should be $21,100 plus $15.00 per repair-hour. The company expected to work 3,000 repair-hours in May, but actually worked 2,900 repair-hours. The company expects...
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 $ 7.60 $ 0.35 $ 1.70 $ 2,790 $ 5,790 $ 4,640 $ 3,810 $ 0.70 For example, wages and salaries should be $21,100 plus $15.00 per repair-hour. The company expected to work 2,900 repair-hours in May, but actually worked 2,800 repair-hours. The company expects...
Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $ 21,300 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Cont per Repair-Hour $15.00 $ 7.70 $ 0.40 $ 1.50 $ 2,790 $ 5.760 $ 4,620 $ 3,840 $ 0.60 For example, wages and salaries should be $21,300 plus $15.00 per repair-hour. The company expected to work 2,700 repair-hours in May, but actually worked 2,600 repair-hours. The company expects...
Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost Cost per Repair-Hour $15.00 7.30 $0.45 per Month 21,300 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses 2,800 5,790 $ 4,690 $ 3,880 1.70 Rent Administrative expenses 0.70 For example, wages and salaries should be $21,300 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 $51.00 per repair-hour....
Jake’s Roof Repair has provided the following data concerning its costs: Fixed Cost per Month Cost per Repair-Hour Wages and salaries $ 20,500 $ 15.00 Parts and supplies $ 7.50 Equipment depreciation $ 2,740 $ 0.40 Truck operating expenses $ 5,750 $ 1.60 Rent $ 4,670 Administrative expenses $ 3,840 $ 0.60 For example, wages and salaries should be $20,500 plus $15.00 per repair-hour. The company expected to work 2,500 repair-hours in May, but actually worked 2,400 repair-hours. The company...
Jake’s Roof Repair has provided the following data concerning its costs: Fixed Cost per Month Cost per Repair-Hour Wages and salaries $ 20,500 $ 15.00 Parts and supplies $ 7.30 Equipment depreciation $ 2,800 $ 0.45 Truck operating expenses $ 5,760 $ 1.60 Rent $ 4,630 Administrative expenses $ 3,870 $ 0.70 For example, wages and salaries should be $20,500 plus $15.00 per repair-hour. The company expected to work 2,500 repair-hours in May, but actually worked 2,400 repair-hours. The company...
Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $ 20,800 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Cost per Repair-Hour $15.00 $ 7.20 $ 0.50 $ 1.50 $ 2,740 $ 5,710 $ 4,640 $ 3,830 $ 0.70 For example, wages and salaries should be $20,800 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...
Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $ 20,800 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Cost per Repair-Hour $16.00 $ 7.60 $ 0.35 $ 1.80 $ 2,750 $ 5,790 $ 4,620 $ 3,820 $ 0.60 For example, wages and salaries should be $20,800 plus $16.00 per repair-hour. The company expected to work 2,900 repair-hours in May, but actually worked 2.800 repair-hours. The company expects...
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 $ 7.30 $ 0.45 $ 1.70 $ 2,760 $ 5,800 $ 4,670 $ 3,840 $ 0.70 For example, wages and salaries should be $21,100 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...