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Question - Flexible Budgets and Activity Variances - Jake's Roof Repair has provided the following data concerning its costs:
Fixed Cost per Month
Cost per Repair-Hour
Wages and salaries
$28,900
$15.00
Parts and supplies
$7.40
Equipment depreciation
$2,750
$0.35
Truck operating expenses
$5,730
$1.60
Rent
$4,640
Administrative expenses
$3,860
$0.50
For example, wages and salaries should be $20,900 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 its sales to be $46.00 per repair-hour.
Required - Compute the company's activity variances for May.
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