Question: Hi, please help with the questions below! Please provide the detailed solution of how you get these answers, and make sure you answer the question

Hi, please help with the questions below! Please provide the detailed solution of how you get these answers, and make sure you answer the question follow the CHART! Thanks.

Hi, please help with the questions below! Please provide the detailed solutionof how you get these answers, and make sure you answer the

AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of Februarv Actual Total Fixed Component per Month Variable $360 $ 35 Component per Job for February Revenue Technician wage:s Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses $ 6,400 $ 2,900 2,600 $ 970 1,680 $ 500 18,950 $6,450 $4,530 $ 3,050 $ 995 $1,680 $ 465 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $2,900 plus $35 per job, and the actual mobile lab operating expenses for February were $4,530. The company expected to work 50 jobs in February, but actually worked 52 jobs. Required Prepare a 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.) Required Prepare a 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 Flexible Budget Planning Budget Actual Results Jobs 52 Revenue 18,950 Expenses Technician wages Mobile lab operating 6,450 4,530 3,050 995 1,680 465 17,170 1,780 Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!