AirQual Test Corporation provides on-site air quality testing services. The comp

Question

AirQual Test Corporation provides on-site air quality testing services. The company has provided the following data concerning its operations:

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $25 per job, and the actual mobile lab operating expenses for February were $8,010.

Complete the 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 provides on-site air quality testing services. The company has provided the following data concerning its operations:

Explanation / Answer

Particulars Fixed Component Variable rate per Job Variable for 130 Job Total Actual Variance Revenue 278 36140 33390 U Tech wages 8600 - - 8600 8450 F Mobile Lab Exp 4600 25 3150 7850 8010 U Office Exp 2600 2 260 2860 2710 U Adv Exp 1560 1560 1630 U Insurance 2890 2890 2890 0 Misc Exp 930 1 130 1060 365 F

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