AirQual Test Corporation provides on-site air quality testingservices. The company has provided the following cost formulas andactual results for the month of February:
- Exercise 9 16 Algo Flexible Budget Performance Report Lo9 1 Lo9 2 Lo9 3 Lo9 4 Airqual Test Corporation Provides O 1 (23.46 KiB) Viewed 11 times
- Exercise 9 16 Algo Flexible Budget Performance Report Lo9 1 Lo9 2 Lo9 3 Lo9 4 Airqual Test Corporation Provides O 2 (42.25 KiB) Viewed 11 times
Prepare a flexible budget performance report showing AirQualTest Corporation’s revenue and spending variances and activityvariances for February. (Indicate the effect of eachvariance by selecting "F" for favorable, "U" for unfavorable, and"None" for no effect (i.e., zero variance). Input all amounts aspositive values.)
Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Fixed Variable Component Component per Month $ 8,000 $ 4,700 $ 2,700 $ 1,620 $ 2,870 $ 950 per Job $ 275 $32 $2 $1 Actual Total for February $ 30,250 $ 7,850 $8,380 $ 2,790 $ 1,690 $ 2,870 $ 375
Jobs Revenue Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Revenue and Results Spending Variances 128 $ 30,250 7,850 8,380 2,790 1,690 2,870 375 23,955 $ 6,295 Flexible Budget 128 Activity Variances Planning Budget 120