Answer
Activity variance |
||
Revenues |
$ 4,500.00 |
U |
Expenses: |
||
Wages & Salaries |
$ 1,500.00 |
F |
Part & Supplies |
$ 720.00 |
F |
Equipment depreciation |
$ 35.00 |
F |
Truck Operating expenses |
$ 180.00 |
F |
Rent |
$ - |
None |
Adminsitrative expense |
$ 60.00 |
F |
Total Expenses |
$ 2,495.00 |
F |
Net Operating Income |
$ 2,005.00 |
U |
--Working
WORKING COLUMNS |
Flexible Budget |
Activity variance |
Planning Static Budget |
|||||||
Repair hours |
2,600 |
2,700 |
||||||||
Revenues |
$ 45.00 |
$ 117,000.00 |
$ 4,500.00 |
U |
$ 121,500.00 |
|||||
Expenses: |
||||||||||
Wages & Salaries |
( |
$ 20,900.00 |
) |
$ 15.00 |
x 2600 or 2700 |
$ 59,900.00 |
$ 1,500.00 |
F |
$ 61,400.00 |
|
Part & Supplies |
( |
$ - |
) |
$ 7.20 |
x 2600 or 2700 |
) |
$ 18,720.00 |
$ 720.00 |
F |
$ 19,440.00 |
Equipment depreciation |
( |
$ 2,710.00 |
+ |
$ 0.35 |
x 2600 or 2700 |
) |
$ 3,620.00 |
$ 35.00 |
F |
$ 3,655.00 |
Truck Operating expenses |
( |
$ 5,780.00 |
+ |
$ 1.80 |
x 2600 or 2700 |
) |
$ 10,460.00 |
$ 180.00 |
F |
$ 10,640.00 |
Rent |
( |
$ 4,670.00 |
+ |
$ - |
x 2600 or 2700 |
$ 4,670.00 |
$ - |
None |
$ 4,670.00 |
|
Adminsitrative expense |
( |
$ 3,820.00 |
) |
$ 0.60 |
x 2600 or 2700 |
$ 5,380.00 |
$ 60.00 |
F |
$ 5,440.00 |
|
Total Expenses |
$ 37,880.00 |
$ 24.95 |
$ 102,750.00 |
$ 2,495.00 |
F |
$ 105,245.00 |
||||
Net Operating Income |
$ 14,250.00 |
$ 2,005.00 |
U |
$ 16,255.00 |
Jake's Roof Repair has provided the following data concerning its costs Fixed Cost Cost per Repair-Hour...
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...
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