- Airqual Test Corporation Provides On Site Air Quality Testing Services The Company Has Provided The Following Cost Form 1 (52.92 KiB) Viewed 10 times
- Airqual Test Corporation Provides On Site Air Quality Testing Services The Company Has Provided The Following Cost Form 2 (51.43 KiB) Viewed 10 times
AirQual Test Corporation provides on-site air quality testing services. The
company has provided the following cost formulas and actual results for the month of February: Revenue Technician wages Mobile lab operating expenses Office expenses. Advertising expenses Insurance Miscellaneous expenses Jobs Revenue Expenses: Technician wages Mobile lab operating PYTANISAS Actual Results Fixed Component per Month The
company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $30 per job, and the actual mobile lab operating expenses for February were $9,240. The
company expected to work 150 jobs in February, but actually worked 154 jobs. 154 $8,300 $ 4,900 $ 2,800 $ 1,580 $2,880 $ 930 Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity variances for February. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) $ 39,100 Variable Component per 8,150 9,240 Job $ 279 $ 30 $4 2 AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Flexible Budget Actual Total for February. $39,100 $ 8,150 $ 9,240 $3,250 $1,650 $ 2,880 535 $ Planning Budget
The
company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $30 per job, and the actual mobile lab operating expenses for February were $9,240. The
company expected to work 150 jobs in February, but actually worked 154 jobs. Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity variances for February. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Jobs Revenue Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income Actual Results AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Flexible Budget 154 $ 39,100 8,150 9,240 3,250 1,650 2,880 535 25,705 $ 13,395 Planning Budget