Solution:
Jake's Roof Repair | ||||
Activity Variance | ||||
For the month ended May 31 | ||||
Particulars | Flexible Budget | Activity Variances | Planning Budget | |
Repair hours | 2800 | 2900 | ||
Revenue | $126,000.00 | $4,500.00 | U | $130,500.00 |
Expenses: | ||||
Wages and Salaries | $62,600.00 | $1,500.00 | F | $64,100.00 |
Parts and supplies | $19,880.00 | $710.00 | F | $20,590.00 |
Equipment depreication | $3,870.00 | $40.00 | F | $3,910.00 |
Truck operating expenses | $11,020.00 | $190.00 | F | $11,210.00 |
Rent | $4,640.00 | $0.00 | None | $4,640.00 |
Administrative expenses | $4,930.00 | $40.00 | F | $4,970.00 |
Total Expenses | $106,940.00 | $2,480.00 | F | $109,420.00 |
Net Operating Income | $19,060.00 | $2,020.00 | U | $21,080.00 |
Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost Cost per per...
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 $ 21,100 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 $ 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 Cost per Repair- per Hour Month Wages and salaries $20,700 - $15.00 Parts and supplies $ 7.40 Equipment $ 2,700 $ 0.60 depreciation Truck operating $5.780 $ 1.80 expenses Rent $ 4,660 Administrative $ 3,850 $ 0.40 expenses For example, wages and salaries should be $20,700 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 $20,800 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 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 $ 21,400 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...
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 $ 7.40 $ 0.40 $ 1.60 $ 2,770 $ 5,750 $ 4,630 $ 3,830 $ 0.70 For example, wages and salaries should be $20,500 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 $ 20,800 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...