AirQual Test Corporation provides on-site air quality testing services. The comp

Question

AirQual Test Corporation provides on-site air quality testing services. The company has provided the following data concerning its operations: Fixed Variable Actual Component Component Total for per Month per Job February $33,650 $ 7,950 $4,800 S 29 S 8,730 $2,600 S3 2,840 $1,650 $ 2,860 S 930 1 S 365 $ 280 Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses $8,100 $1,580 $2,860 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $29 per job, and the actual mobile lab operating expenses for February were $8,730 The company expected to work 130 jobs in February, but actually worked 122 jobs

Explanation / Answer

Airqual Test Corporation Flexible Budget Performance Report For the Month Ended Feb 28 Revenue And Spending Variance Activity Variance Total Revenue U 510 130*280-122*280 U 2240 U 2750 Expenses: Technichian Wages F 150 F 150 Mobile Lab Operating Expenses U 392 U 392 Office Expenses U 126 U 126 Advertisement Expenses U 70 U 70 Insurance None None Miscallaneous Expenses F 687 F 687 Total Expenses U 51 Net Operating Income U 561 U 2240 U 2801

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