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Exercise 9-16(Algo) Flexible Budget Performance Report [L09-1, L09-2, L09-3, LO9-4] AirQual Test Corporation...

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Accounting

Exercise 9-16(Algo) Flexible Budget Performance Report [L09-1, L09-2, L09-3, LO9-4]
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:
The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be
$4,800 plus $33 per job, and the actual mobile lab operating expenses for February were $9,260. 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. (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
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