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AirQual Test Corporation provides on-site air quality testing services. The company provided the following cost formulas and actual results for the month of February: Revenue
AirQual Test Corporation provides on-site air quality testing services. The company 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 expenses Office expenses Advertising expenses Insurance Fixed Component per Month Miscellaneous expenses $ 8,100 $ 4,600 $ 2,400 $ 1,570 Total expenses Net operating income $ 2,900 $940 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $30 per job, and the actual mobile lab operating expenses for February were $8,040. The company expected to work 120 jobs in February but actually worked 128 jobs. Required: Prepare a flexible budget performance report for February. Note: 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. Actual Results Variable Component per Job $ 280 128 $ 30,850 $ 30 $ 3 7,950 8,040 2,610 1,640 2,900 485 $ 2 AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 23,625 $ 7,225 Actual Total for February $ 30,850 $ 7,950 $ 8,040 $ 2,610 $ 1,640 $ 2,900 $ 485 Flexible Budget Planning Budget Check my work AirQual Test Corporation provides on-site air quality testing services. The company provided the following cost formulas and actual results for the month of February: The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $30 per job, and the actual mobile lab operating expenses for February were $8,040. The company expected to work 120 jobs in February but actually worked 128 jobs. Required: Prepare a flexible budget performance report for February. Note: 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. fesula fer the month ef February. The compsny wes the number of jobs as its measure of activity. For exorele, noble iab ocdrating exoenses should be $4,600 pil in Fecrutry but actuely worked ras jobs. Abecinud: Note Indicale the eflect of esch variance by selecting "F. for favorable, "U" for unfaverable, and "None" for no effect fle., aevo variance). Input all amounts an positlive values
AirQual Test Corporation provides on-site air quality testing services. The company 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 expenses Office expenses Advertising expenses Insurance Fixed Component per Month Miscellaneous expenses $ 8,100 $ 4,600 $ 2,400 $ 1,570 Total expenses Net operating income $ 2,900 $940 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $30 per job, and the actual mobile lab operating expenses for February were $8,040. The company expected to work 120 jobs in February but actually worked 128 jobs. Required: Prepare a flexible budget performance report for February. Note: 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. Actual Results Variable Component per Job $ 280 128 $ 30,850 $ 30 $ 3 7,950 8,040 2,610 1,640 2,900 485 $ 2 AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 23,625 $ 7,225 Actual Total for February $ 30,850 $ 7,950 $ 8,040 $ 2,610 $ 1,640 $ 2,900 $ 485 Flexible Budget Planning Budget Check my work
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