Explore BrainMass

Explore BrainMass

    Flexible Budgets and Activity Variances

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Harold's roof repair has provided the following data concerning it costs:

    Fixed Cost per Month Cost per repair-hour

    Wages and Salaries............$21,380 $15.80
    parts and supplies $7.50
    equipment depreciation.......$2,740 $0.60
    truck operating expenses ....$4,650 $1.90
    rent.......................................$4,650
    administrative expenses........$3,870 $0.70

    For example, wages and salaries should be $21,380 plus $15.80 per repair-hour.The company expected to work 2,500 repair-hours in June, but actually worked 2,400 repair-hours.The company expects its sales to be $43.50 per repair-hour.
    Required:
    Prepare a report showing the company's activity variances for June.

    © BrainMass Inc. brainmass.com June 4, 2020, 2:13 am ad1c9bdddf
    https://brainmass.com/business/accounting/flexible-budgets-activity-variances-446962

    Solution Summary

    Flexible budgets and activity variances are examined.

    $2.19

    ADVERTISEMENT