Question
In: Accounting
AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost...
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 February:
| Fixed Component per Month |
Variable Component per Job |
Actual Total for February |
|||||||
| Revenue | $ | 277 | $ | 36,030 | |||||
| Technician wages | $ | 8,500 | $ | 8,350 | |||||
| Mobile lab operating expenses | $ | 4,500 | $ | 31 | $ | 8,680 | |||
| Office expenses | $ | 2,800 | $ | 3 | $ | 3,070 | |||
| Advertising expenses | $ | 1,610 | $ | 1,680 | |||||
| Insurance | $ | 2,880 | $ | 2,880 | |||||
| Miscellaneous expenses | $ | 950 | $ | 2 | $ | 535 | |||
The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,500 plus $31 per job, and the actual mobile lab operating expenses for February were $8,680. The company expected to work 140 jobs in February, but actually worked 146 jobs.
Required:
Prepare a flexible budget performance report showing AirQual Test Corporation’s revenue and spending variances and activity variances for February
Solutions
ekkarill92 answered 2 years agoRelated Solutions
AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost...
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 February: Fixed Component per Month
Variable Component per Job Actual Total for February Revenue $ 276
$ 33,130 Technician wages $ 8,100 $ 7,950 Mobile lab operating
expenses $ 4,800 $ 31 $ 8,670 Office expenses $ 2,500 $ 4 $ 2,870
Advertising expenses $ 1,560 $ 1,630 Insurance $ 2,880 $ 2,880
Miscellaneous expenses $...
AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost...
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 February:
Fixed Component
per Month
Variable
Component per Job
Actual Total
for February
Revenue
$
278
$
33,390
Technician wages
$
8,300
$
8,150
Mobile lab operating expenses
$
4,900
$
31
$
8,770
Office expenses
$
2,800
$
4
$
3,170
Advertising expenses
$
1,600
$
1,670
Insurance
$
2,860
$
2,860
Miscellaneous expenses
$...
AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost...
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 February:
Fixed Component
per Month
Variable
Component per Job
Actual Total
for February
Revenue
$
278
$
27,830
Technician wages
$
8,300
$
8,150
Mobile lab operating expenses
$
4,700
$
34
$
8,280
Office expenses
$
2,600
$
3
$
2,780
Advertising expenses
$
1,590
$
1,660
Insurance
$
2,860
$
2,860
Miscellaneous expenses
$...
AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost...
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 February: Fixed Component per Month
Variable Component per Job Actual Total for February Revenue $ 276
$ 38,650 Technician wages $ 8,500 $ 8,350 Mobile lab operating
expenses $ 4,900 $ 33 $ 9,690 Office expenses $ 2,500 $ 2 $ 2,650
Advertising expenses $ 1,580 $ 1,650 Insurance $ 2,890 $ 2,890
Miscellaneous expenses $...
AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost...
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 February: Fixed Component per Month
Variable Component per Job Actual Total for February Revenue $ 277
$ 30,490 Technician wages $ 8,200 $ 8,050 Mobile lab operating
expenses $ 4,700 $ 31 $ 8,260 Office expenses $ 2,700 $ 3 $ 2,910
Advertising expenses $ 1,550 $ 1,620 Insurance $ 2,870 $ 2,870
Miscellaneous expenses $...
AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost...
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 February:
Fixed Component
per Month
Variable
Component per Job
Actual Total
for February
Revenue
$
275
$
30,250
Technician wages
$
8,200
$
8,050
Mobile lab operating expenses
$
4,900
$
31
$
8,460
Office expenses
$
2,300
$
3
$
2,510
Advertising expenses
$
1,570
$
1,640
Insurance
$
2,850
$
2,850
Miscellaneous expenses
$...
AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost...
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 February:
Fixed Component
per Month
Variable
Component per Job
Actual Total
for February
Revenue
$
279
$
30,730
Technician wages
$
8,500
$
8,350
Mobile lab operating
expenses
$
4,800
$
32
$
8,480
Office expenses
$
2,800
$
2
$
2,890
Advertising expenses
$
1,600
$
1,670
Insurance
$
2,900
$
2,900
Miscellaneous expenses
$...
AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost...
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 February:
Fixed Component
per Month
Variable
Component per Job
Actual Total
for February
Revenue
$
279
$
33,520
Technician wages
$
8,500
$
8,350
Mobile lab operating expenses
$
4,800
$
31
$
8,670
Office expenses
$
2,500
$
2
$
2,610
Advertising expenses
$
1,620
$
1,690
Insurance
$
2,870
$
2,870
Miscellaneous expenses
$...
AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost...
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 February:
Fixed Component
per Month
Variable
Component per Job
Actual Total
for February
Revenue
$
279
$
39,100
Technician wages
$
8,200
$
8,050
Mobile lab operating
expenses
$
4,700
$
34
$
9,640
Office expenses
$
2,400
$
3
$
2,700
Advertising expenses
$
1,550
$
1,620
Insurance
$
2,860
$
2,860
Miscellaneous expenses
$...
AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost...
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 February:
Fixed Component
per Month
Variable
Component per Job
Actual Total
for February
Revenue
$
279
$
36,310
Technician wages
$
8,600
$
8,450
Mobile lab operating expenses
$
4,700
$
31
$
8,880
Office expenses
$
2,400
$
2
$
2,530
Advertising expenses
$
1,560
$
1,630
Insurance
$
2,890
$
2,890
Miscellaneous expenses
$...
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