Compute the companys activity variances for june input all

Reference no: EM13483740

Harold's Roof Repair has provided the following data concerning its costs:

Fixed Cost
per Month

Cost per Repair-Hour

Wages and salaries	$	20,700	$	15.00
Parts and supplies			$	7.00
Equipment depreciation	$	2,800	$	.30
Truck operating expenses	$	5,750	$	1.50
Rent	$	4,650
Administrative expenses	$	3,840	$	.40

For example, wages and salaries should be $20,700 plus $15.00 per repair-hour. The company expected to work 2,600 repair-hours in June, but actually worked 2,500 repair-hours. The company expects its sales to be $45.00 per repair-hour.

Required:

Compute the company's activity variances for June. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

Harold's Roof Repair Activity Variances For the Month Ended June 30
Revenue	$	U

Expenses:
Wages and salaries		F
Parts and supplies		F
Equipment depreciation		F
Truck operating expenses		F
Rent
Administrative expenses		F

Total expense		F

Net operating income	$	U

Reference no: EM13483740

Questions Cloud

For the year beta had beginning total liabilities of 30000 : for the year beta had beginning total liabilities of 30000 and ending total liabilities of 20000. during the year total

The charter authorized the issuance of 500000 shares the : katz corporation has issued 400000 shares of common stock and holds 20000 shares in treasury. the charter authorized

During a three-year period all are related to the use of : transactions for fixed assets including salethe following transactions adjusting entries and closing entries were

Define retained earnings what are the primary components of : define retained earnings. what are the primary components of retained earnings at the end of each

Compute the companys activity variances for june input all : harolds roof repair has provided the following data concerning its costsfixed cost per monthcost per

Which of the following is false when a bond is issued at a : which of the following is false when a bond is issued at a premium?a. the bond will issue for an amount above its par

Which of the following is not an advantage of issuing bonds : which of the following is not an advantage of issuing bonds when compared to issuing additional shares of stock in

Annual interest expense for a single bond issue continues : annual interest expense for a single bond issue continues to increase over the life of the bonds. which of the

Complete the flexible budget performance report showing : airassurance corporation provides on-site air quality testing services. the company has provided the following data

User Account

All Pages