Jake's Roof Repair | ||||
Activity Variances | ||||
For the month ended May 31 | ||||
$ | ||||
Revenue | 5,200.00 | U | ||
Expenses: | ||||
Wages and Salaries | 1,600.00 | F | ||
Parts and supplies | 760.00 | F | ||
Equipment depreciation | 35.00 | F | ||
Truck Operating Expenses | 180.00 | F | ||
Rent | - | None | ||
Administrative Expenses | 60.00 | F | ||
Total Expense | 2,635.00 | F | ||
Net Operating Income | 2,565.00 | U | ||
Explanations | ||||
Jake's Roof Repair | ||||
Activity Variances | ||||
For the month ended May 31 | ||||
Planning Budget | Flexible Budget | Activity Variances | ||
($) | ($) | |||
Repairs - hours (q) | 2,900.00 | 2,800.00 | ||
Revenue (52*q) | 150,800.00 | 145,600.00 | 5,200.00 | U |
Expenses: | ||||
Wages and Salaries [20,800+(16*q)] | 67,200.00 | 65,600.00 | 1,600.00 | F |
Parts and supplies (7.60*q) | 22,040.00 | 21,280.00 | 760.00 | F |
Equipment depreciation [2,750+(0.35*q)] | 3,765.00 | 3,730.00 | 35.00 | F |
Truck Operating Expenses [5,790+(1.8*q)] | 11,010.00 | 10,830.00 | 180.00 | F |
Rent | 4,620.00 | 4,620.00 | - | None |
Administrative Expenses [3,820+(0.60*q)] | 5,560.00 | 5,500.00 | 60.00 | F |
Total Expense | 114,195.00 | 111,560.00 | 2,635.00 | F |
Net Operating Income | 36,605.00 | 34,040.00 | 2,565.00 | U |
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 $ 20,800 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Cost per Repair-Hour $16.00 $ 7.60 $ 0.35 $ 1.80 Book Rent $ 2,750 $ 5,790 $ 4.620 $ 3,820 Administrative expenses $ 0.60 Print 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...
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 $ 7.60 $ 0.50 $ 1.80 $ 2,740 $ 5,790 $ 4,600 $ 3,800 $ 0.70 For example, wages and salaries should be $20,500 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 $ 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 $ 20,600 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Cost per Repair-Hour $15.00 $ 7.10 $ 0.40 $ 1.80 $ 2,760 $ 5,760 $ 4,670 $ 3,820 $ 0.70 For example, wages and salaries should be $20,600 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 per Month $20,800 Cost per Repair-Hour $15.00 $ 7.60 S 0.45 $ 1.60 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses $ 2,750 S 5,750 $ 4,660 $ 3,810 S 0.50 For example, wages and salaries should be $20,800 plus $15.00 per repair hour. The company expected to work 2600 repair-hours in May, but actually worked 2,500 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 $ 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 Cost per Repair-Hour per Month Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses $20,900 $15.00 7.20 $2,710 $ 5,780 $ 4,670 3,820 $0.35 $1.80 Rent Administrative expenses 0.60 For example, wages and salaries should be $20,900 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 its sales to be $45.00 per repair-hour....
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...