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can i pls get all required asap question due in 30min tysm!! AirQual Test Corporation provides on-site air quality testing services. The company provided the
can i pls get all required asap question due in 30min tysm!!
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 $4,700 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 136 jobs. Required: Prepare a flexible budget performance reportior 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. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Arqual Test Corporation } \\ \hline \multicolumn{5}{|c|}{ Flexible Budgot Performance Report } \\ \hline \multicolumn{5}{|c|}{ For the Month Ended February 28} \\ \hline & \begin{tabular}{l} Actual \\ Results \end{tabular} & & \begin{tabular}{l} Floxible \\ Budget \end{tabular} & \begin{tabular}{l} Planning \\ Budget \end{tabular} \\ \hline Jobs & 136 & & & \\ \hline Revenue & \$ 33,650 & & & \\ \hline \multicolumn{5}{|l|}{ Expenses: } \\ \hline Technician wages & 7,950 & & & \\ \hline Mobile lab operating expenses & 8,570 & & & \\ \hline Office expenses & 3,070 & & & \\ \hline Advertising expenses & 1,630 & & & \\ \hline Insurance & 2,890 & & & \\ \hline Miscellaneous expenses & 405 & & & \\ \hline Total expenses & 24,515 & t & & \\ \hline Net operating income & \$ 9,135 & & & \\ \hline \end{tabular} Step by Step Solution
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