Air Assurance 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 $4,800 plus $26 per job, and the actual mobile lab operating expenses for March were $7,820.

The company expected to work 110 jobs in March, but actually worked 108 jobs.

Required:

Complete the flexible budget performance report showing AirAssurance Corporation’s activity variances and revenue and spending variances for March. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

Transcribed Image Text:

Actual Fixed Component Component per Month per Job Variable Total for March Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses S277 S 27,720 S 8,250 S 4,800 S26 S 7,820 S 2,400 S4 2,690 S 1,650 S 2,870 S2 S 475 S 8.400 S 1,580 S 2,870 950 nsurance Miscellaneous expenses