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Jake’s Roof Repair has provided the following data concerning its costs:

Jake’s Roof Repair has provided the following data concerning its costs:

 


Fixed Cost
per Month
Cost per
Repair-Hour
Wages and salaries$23,200
$16.30
Parts and supplies


$8.60
Equipment depreciation$1,600
$0.40
Truck operating expenses$6,400
$1.70
Rent$3,480


Administrative expenses$4,500
$0.80

 

For example, wages and salaries should be $23,200 plus $16.30 per repair-hour. The company expected to work 2,800 repair-hours in May, but actually worked 2,900 repair-hours. The company expects its sales to be $44.50 per repair-hour.


Required:

Compute the company’s activity variances for May. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)


college   business-accounting   
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Answer #1

Computation of the company's activity variance for May:

Capture1.PNG


Workings:

Capture1 Formulas.PNG

answered by: Archie411
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