Question: Fixed Variable Actual Component Component Total for per Month per Job February Revenue 280 $30,850 $8,600 Technician wages 8,450 Mobile lab operating expenses $4,700 27

 Fixed Variable Actual Component Component Total for per Month per Job
February Revenue 280 $30,850 $8,600 Technician wages 8,450 Mobile lab operating expenses
$4,700 27 8,100 Office expenses $2,500 2,590 Advertising expenses $1,600 1,670 $2,890

Fixed Variable Actual Component Component Total for per Month per Job February Revenue 280 $30,850 $8,600 Technician wages 8,450 Mobile lab operating expenses $4,700 27 8,100 Office expenses $2,500 2,590 Advertising expenses $1,600 1,670 $2,890 2,890 Insurance 940 485 Miscellaneous expenses The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $27 per job, and the actual mobile lab operating expenses for February were $8,100. The company expected to work 120 jobs in February, but actually worked 110 jobs. Required: 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 Flexible Budget Performance Report For the Month Ended February 28 Revenue and Spending Variances Activity Variances Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income

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