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Exercise 9-8 (Algo) Flexible Budgets and Activity Variances (LO9-1, LO9-2] Jakes Roof Repair has provided the following data
Required: Compute the companys activity variances for May. (Indicate the effect of each variance by selecting F for favora
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Answer #1

Activity variance

Revenue 4600 U
Expense
Wages and salaries 1500 F
parts and supplies 750 F
Equipment Depreciation 50 F
Truck operating expense 190 F
Rent 0 None
Administrative expenses 80 F
Total expense 2570 F
Net operating income 2030 U
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