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can someone help provide explanation on how to get the answers. i keep getting the wrong numbers for the answers. AirQual Test Corporation provides on-site
can someone help provide explanation on how to get the answers. i keep getting the wrong numbers for the answers.
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 Fixed Variable Actual Component component Total for per Month per Job February Revenue $ 275 $ 38,500 Technician wages $ 8,400 $ 8,250 Mobile lab operating expenses $ 4,900 $ 33 $ 9,690 office expenses $ 2,400 $4 $ 2,850 Advertising expenses $ 1,590 $ 1,660 Insurance $ 2,870 $ 2,870 Miscellaneous expenses $ 960 52 $ 565 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $33 per job, and the actual mobile lab operating expenses for February were $9,690. The company expected to work 150 jobs in February, but actually worked 152 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.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget 152 $ 38,500 Planning Budget Jobs Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense 8.250 9.590 2.850 1,660 2,870 585 25,885 Step by Step Solution
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