Answer
Activity variance |
||
Revenues |
$ 5,100.00 |
U |
Expenses: |
||
Wages & Salaries |
$ 1,500.00 |
F |
Part & Supplies |
$ 730.00 |
F |
Equipment depreciation |
$ 45.00 |
F |
Truck Operating expenses |
$ 170.00 |
F |
Rent |
$ - |
None |
Adminsitrative expense |
$ 70.00 |
F |
Total Expenses |
$ 2,515.00 |
F |
Net Operating Income |
$ 2,585.00 |
U |
--Working
WORKING COLUMNS |
Flexible Budget |
Planning Static Budget |
||||||
Repair hours |
2,500 |
2,600 |
||||||
Revenues |
$ 51.00 |
$ 127,500.00 |
$ 132,600.00 |
|||||
Expenses: |
||||||||
Wages & Salaries |
( |
$ 21,100.00 |
) |
$ 15.00 |
x 2500 or 2600 |
$ 58,600.00 |
$ 60,100.00 |
|
Part & Supplies |
( |
$ - |
) |
$ 7.30 |
x 2500 or 2600 |
) |
$ 18,250.00 |
$ 18,980.00 |
Equipment depreciation |
( |
$ 2,760.00 |
+ |
$ 0.45 |
x 2500 or 2600 |
) |
$ 3,885.00 |
$ 3,930.00 |
Truck Operating expenses |
( |
$ 5,800.00 |
+ |
$ 1.70 |
x 2500 or 2600 |
) |
$ 10,050.00 |
$ 10,220.00 |
Rent |
( |
$ 4,670.00 |
+ |
$ - |
x 2500 or 2600 |
$ 4,670.00 |
$ 4,670.00 |
|
Adminsitrative expense |
( |
$ 3,840.00 |
) |
$ 0.70 |
x 2500 or 2600 |
$ 5,590.00 |
$ 5,660.00 |
|
( |
$ - |
+ |
$ - |
x 2500 or 2600 |
) |
$ - |
$ - |
|
Total Expenses |
$ 38,170.00 |
$ 25.15 |
$ 101,045.00 |
$ 103,560.00 |
||||
Net Operating Income |
$ 26,455.00 |
$ 29,040.00 |
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 $ 20,600 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 $ 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 $ 21,000 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Cost per Repair-Hour $15.00 $ 7.30 $ 0.45 $ 1.80 $ 2,780 $ 5,750 $ 4,640 $ 3,810 $ 0.40 For example, wages and salaries should be $21,000 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 $ 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 per Month $ 21,300 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Cost per Repair-Hour $ 15.00 $ 7.20 $ 0.50 $ 1.70 $ $ $ $ 2,730 5,760 4,620 3,840 $ 0.80 For example, wages and salaries should be $21,300 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 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 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 $ 21,400 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Cost per Repair-Hour $15.00 $ 7.80 $ 0.35 $ 1.80 $ 2,710 $ 5,700 $ 4,680 $ 3,870 $ 0.40 For example, wages and salaries should be $21,400 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...