Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

when answering make sure i can actually see your full answer 3 276 Air Qual Test Corporation provides on-site air quality testing services. The company

when answering make sure i can actually see your full answer
image text in transcribed
3 276 Air Qual Test Corporation provides on-site air quality testing services. The company has provided the following cost formules and actuel results for the month of February Fixed Variable Component Component per actual total por Month Job for February Rovec 5 35,90 Technician wages 53,000 $7.50 Mobile la operating expenses $4,700 534 $9,300 office expenses $ 2,700 $2 $ 2,830 Advertising expenses $1,600 $ 1,670 Insurance 5 2.800 $ 2.560 Miscellaneous expenses $930 $2 $ $15 The company uses the number of jobs as its messure of activity. For example, mobile lsb operating expenses should be 54.700 plus $34 per job, and the actual mobile leb operating expenses for February were $9,300. The company expected to work 140 jobs in February, but actually worked 144 jobs. Required: Prepare a filexible budget performance report showing Air Qual 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 (1.e., zero variance). Input all amounts as positive values.) AlrQual Teet Corporation Flexible Budget Performance Report For the Month Ended February 26 Actual Flexible Results Budget Planning Budget Jobs 144 $ 35,890 Revenue Expenses Technician wages Mobilelab aperating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Nert operating income 7.850 9.300 2,830 1.670 2.860 515 25.025 5 10,066 3 276 Air Qual Test Corporation provides on-site air quality testing services. The company has provided the following cost formules and actuel results for the month of February Fixed Variable Component Component per actual total por Month Job for February Rovec 5 35,90 Technician wages 53,000 $7.50 Mobile la operating expenses $4,700 534 $9,300 office expenses $ 2,700 $2 $ 2,830 Advertising expenses $1,600 $ 1,670 Insurance 5 2.800 $ 2.560 Miscellaneous expenses $930 $2 $ $15 The company uses the number of jobs as its messure of activity. For example, mobile lsb operating expenses should be 54.700 plus $34 per job, and the actual mobile leb operating expenses for February were $9,300. The company expected to work 140 jobs in February, but actually worked 144 jobs. Required: Prepare a filexible budget performance report showing Air Qual 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 (1.e., zero variance). Input all amounts as positive values.) AlrQual Teet Corporation Flexible Budget Performance Report For the Month Ended February 26 Actual Flexible Results Budget Planning Budget Jobs 144 $ 35,890 Revenue Expenses Technician wages Mobilelab aperating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Nert operating income 7.850 9.300 2,830 1.670 2.860 515 25.025 5 10,066

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

Auditing And Assurance A Case Studies Approach

Authors: LexisNexis

7th Edition

0409343943, 978-0409343946

More Books

Students also viewed these Accounting questions

Question

A data governance system is affected if

Answered: 1 week ago

Question

Discuss the goals of financial management.

Answered: 1 week ago

Question

Explain the importance of nonverbal messages.

Answered: 1 week ago

Question

Describe the advantages of effective listening.

Answered: 1 week ago

Question

Prepare an employment application.

Answered: 1 week ago