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

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

Fixed Cost per Month

Cost per Repair-Hour

Wages and salaries	$	21,400		$	15.00
Parts and supplies				$	7.00
Equipment depreciation	$	2,740		$	.30
Truck operating expenses	$	5,780		$	1.50
Rent	$	4,680
Administrative expenses	$	3,820		$	.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 June, but actually worked 2,500 repair-hours. The company expects its sales to be $46.00 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		None
Administrative expenses		F
Total expense		F
Net operating income	$	U

Explanation:

Harold's Roof Repair Activity Variances For the Month Ended June 30
	Planning Budget		Flexible Budget		Activity Variances
Repair-hours (q)		2,600		2,500
Revenue ($46.00q)	$	119,600	$	115,000	$	4,600	U
Expenses:
Wages and salaries ($21,400 + $15.00q)		60,400		58,900		1,500	F
Parts and supplies ($7.00q)		18,200		17,500		700	F
Equipment depreciation ($2,740 + $.30q)		3,520		3,490		30	F
Truck operating expenses ($5,780 + $1.50q)		9,680		9,530		150	F
Rent ($4,680)		4,680		4,680		0	None
Administrative expenses ($3,820 + $.40q)		4,860		4,820		40	F
Total expense		101,340		98,920		2,420	F
Net operating income	$	18,260	$	16,080	$	2,180	U