Exercise 9-17 Flexible Budget Performance Report [LO9-1, LO9-2, LO9-3, LO9-4] AirQual Test Corporation provides on-site...
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Exercise 9-17 Flexible Budget Performance Report [LO9-1, LO9-2, LO9-3, LO9-4] AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas an actual results for the month of February: Actual Total Variable $ 277 $ 30 Fixed Component per Month Component per Job for February 30,49e $ 8,350 $ 8,44e Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses 8,500 $ 5,000 $ 2,300 $ 1,560 2,880 $ 940 2,510 $ 1,630 $ 2,880 $ 365 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $5,000 $30 per job, and the actual mobile lab operating expenses for February were $8,.440. The company expected to work 120 jobs i February, but actually worked 128 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 effect (i.e. zero variance). Input all amounts as positive values.) AirQual Test Corporation
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