{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T06:30:19-04:00", "answer_date": "2024-06-28 06:30:19", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4253005", "url": "\/study-help\/questions\/transcribed-image-text-airqual-test-corporation-provides-onsite-air-4253005", "question_creation_date_js": "2024-06-28T06:30:19-04:00", "question_creation_date": "Jun 28, 2024 06:30 AM", "meta_title": "[Solved] AirQual Test Corporation provides on-site | SolutionInn", "meta_description": "Answer of - AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost fo | SolutionInn", "meta_keywords": "airqual,test,corporation,provides,-site,air,quality,testing,services,company,provided,cost", "question_title_h1": "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:", "question_title": "AirQual Test Corporation provides on-site air quality testing services. The company has", "question_title_for_js_snippet": "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 Component per Month Variable Component per Job $ 278 Revenue Technician wages Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Actual Total for February $ 33,390 $ 7,950 $ 8,830 $ 2,840 $ 1,640 $ 2,860 $ 485 $ 8,100 $ 4,700 $ 2,600 $ 1,570 $ 2,860 $ 920 $ 33 $ 3 $ 2 The company uses the number of jobs as its measure of activity For example, mobile lab operating expenses should be $4,700 plus $33 per job, and the actual mobile lab operating expenses for February were $8,830 The company expected to work 130 jobs in February, but actually worked 132 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 Results Flexible Budget Planning Budget Jobs 132 Revenue $ 33,390 Expenses Technician wages Mobile lab operating expenses 7,950 8,830 Office expenses 2,840 Advertising expenses 1,640 Insurance 2,860 Miscellaneous expenses 485 Total expense 24,605 8,785 Net operating income $", "question_description": "

\"image \"image <\/p> 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 Component per Month Variable Component per Job $ 278 Revenue Technician wages Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Actual Total for February $ 33,390 $ 7,950 $ 8,830 $ 2,840 $ 1,640 $ 2,860 $ 485 $ 8,100 $ 4,700 $ 2,600 $ 1,570 $ 2,860 $ 920 $ 33 $ 3 $ 2 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $33 per job, and the actual mobile lab operating expenses for February were $8,830. The company expected to work 130 jobs in February, but actually worked 132 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 Results Flexible Budget Planning Budget Jobs 132 Revenue $ 33,390 Expenses: Technician wages Mobile lab operating expenses 7,950 8,830 Office expenses 2,840 Advertising expenses 1,640 Insurance 2,860 Miscellaneous expenses 485 Total expense 24,605 8,785 Net operating income $", "transcribed_text": "", "related_book": { "title": "Elementary Statistics", "isbn": "0321836960, 978-0321836960", "edition": "12th Edition", "authors": "Mario F. Triola", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/450.jpg", "uri": "\/textbooks\/elementary-statistics-12th-edition-450", "see_more_uri": "" }, "free_related_book": { "isbn": "0739792563", "uri": "\/textbooks\/france-tax-guide-1st-edition-978-0739792568-276618", "name": "France Tax Guide", "edition": "1st Edition" }, "question_posted": "2024-06-28 06:30:19", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/do-you-foresee-an-itrelated-societal-or-ethical-concern-that", "description": "Do you foresee an IT-related societal or ethical concern that is not a current concern? 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A 75 kg skier starts with an initial speed of 2 m\/s down a 40 m high ramp. They launch off a ramp that is 8 m above the ground. (a) Determine the skier's velocity when launching off the ramp. (b)...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/please-answer-all-parts-with-detailed-calculations-and-good-formatting-4253004", "next": "\/study-help\/questions\/transcribed-image-text-deep-sea-income-statement-for-the-4253006" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "AirQual Test Corporation provides on-site air quality testing services. 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