AirQual Test Corporation provides onsite 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 $ $
Technician wages $ $
Mobile lab operating expenses $ $ $
Office expenses $ $ $
Advertising expenses $ $
Insurance $ $
Miscellaneous expenses $ $ $
The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $ plus $ per job, and the actual mobile lab operating expenses for February were $ The company expected to work jobs in February, but actually worked jobs.
Required:
Prepare a flexible budget performance report showing AirQual Test Corporations 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 ie zero variance Input all amounts as positive values.
