Exercise Algo Flexible Budget Performance Report L L L LO
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:
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 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 ie zero variance Input all amounts as positive values.
AirQual Test Corporation
Flexible Budget Performance Report
For the Month Ended February
