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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
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 Fixed Component per Month Technician wages Mobile la operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses $ 8,282 $4,70 $ 2,60 $155 $ 2,872 Variable Actual Total Component per Job for February $ 278 $ Bese $ 8,57e $ 2,840 $ 1,650 The company uses the number of jobs as its measure of activity. For example, mobile la operating expenses should be $4.700 plus $31 per job, and the actual mobile lab operating expenses for February were $8,570. The company expected to work 130 jobs in February, but actually worked 134 jobs. Required: Prepare a flexible budget performance report showing Air Qual 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 (le, zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Budget Flexible Planning Budget $ 33,3901 Revenue Expenses Technician wages Moble operating expenses Ofe expenses 8,050 8.5701 2840
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