- Air Qual Test Corporation Provides On Site Air Quality Testing Services The Company Has Provided The Following Cost For 1 (30.95 KiB) Viewed 126 times
- Air Qual Test Corporation Provides On Site Air Quality Testing Services The Company Has Provided The Following Cost For 2 (41.25 KiB) Viewed 126 times
Air Qual 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 Fixed Variable Component Component per Actual Total per Month Job for February 5 276 $ 30,370 58,600 $ 3,450 5.4.800 5 31 $ 8,360 $ 2,600 53 $ 2,810 $1,610 $ 1.680 $ 2,870 $ 2,570 $960 52 $ ses The
company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $31 per job, and the actual mobile lab operating expenses for February were $8,360. The
company expected to work 120 jobs in February, but actually worked 126 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 fi.e., zero variance). Input all amounts as positive values.)
AitQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget 126 $ 30,370 Jobs Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 8,450 8,360 2.810 1,680 2,870 505 24.675 $ 5,695