EXAM 4 FINAL-CH 8, 9,10 x + Google Password Required Erter your password for ??.
ID: 2403320 • Letter: E
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EXAM 4 FINAL-CH 8, 9,10 x + Google Password Required Erter your password for ??.indi. n Internet Accounts C a Search 3 Appn Disney ESPN Yhool EXAM 4 (FINAL)- CH 8, 9, 10 Help Save &Exit; Submit AlrQual 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 Variable Fixed Conponent Conponent per Actual Total per Month Revenue Technician vages Mobile lab operating expensen office expenses Advertising expenses Insurance H?scellaneoum expenses $27,610 $ 8.150 $ 7,940 $ 2,570 $ 1,690 S 2,850 465 $276 $ 8,300 s 4,800 2,500 1,620 s2,850 s 30 940 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $30 per job, and the actual mobile lab operating expenses for February were $7940. The company expected to work 110 jobs in February, but actually worked 120 jobs. Required Prepare a fiexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity varlances 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 dishExplanation / Answer
AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Revenue and Spending Variance Flexible Budget Activity Variance Planning Budget Jobs 120 120 110 Revenue 27610 5510 U 33120 2760 F 30360 Expenses: Technician wages 8150 150 F 8300 0 None 8300 Mobile lab operating expenses 7940 460 F 8400 300 U 8100 Office expenses 2570 170 F 2740 20 U 2720 Advertising expenses 1690 70 U 1620 0 None 1620 Insurance 2850 0 None 2850 0 None 2850 Miscellaneous expenses 465 715 F 1180 20 U 1160 Total expense 23665 1425 F 25090 340 U 24750 Net operating income 3945 4085 U 8030 2420 F 5610
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