Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Revenge Technician wages Mobile la operating expenses ortice expenses Advertising expenses Infurance Miscellaneous expenses Variable Pixed Component Component per per month Job 277 $ 8,300

image text in transcribed
Revenge Technician wages Mobile la operating expenses ortice expenses Advertising expenses Infurance Miscellaneous expenses Variable Pixed Component Component per per month Job 277 $ 8,300 $ 4,800 5 32 $ 2,200 $ 2 $1,580 $ 2,080 $ 950 $ 2 Actual Total for February $ 30,490 $ 8,150 58,480 $ 2.290 $1,650 $ 2,880 The company uses the number of Jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $32 per job, and the actual mobile lab operating expenses for February were $8,480. The company expected to work 120 jobs in February, but actually worked 128 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 (l.e. zero variance). Input all amounts as positive values.) es AlrQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget Planning Budget Jobs 128 $ 30,490 8,150 8.480 Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 2.290 1.650 2.880 495 23.945 $ 6.545

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To AccountingAn Integrated Approach

Authors: Penne Ainsworth, Dan Deines

8th Edition

1119600103, 9781119600107

More Books

Students also viewed these Accounting questions

Question

1. Have a 2-week arrangement; then evaluate.

Answered: 1 week ago