Complete a flexible budget performance report showing AirQual Test Corporation
$3.00
| AirQual Test Corporation provides on-site air quality testing services. The company has provided the following data concerning its operations. |
| Fixed Component per Month |
Variable Component per Job |
Actual Total for February |
||||
| Revenue | $ | 278 | $ | 25,050 | ||
| Technician wages | $ | 8,300 | $ | 8,150 | ||
| Mobile lab operating expenses | $ | 4,900 | $ | 26 | $ | 7,660 |
| Office expenses | $ | 2,500 | $ | 2 | $ | 2,550 |
| Advertising expenses | $ | 1,600 | $ | 1,670 | ||
| Insurance | $ | 2,850 | $ | 2,850 | ||
| Miscellaneous expenses | $ | 970 | $ | 1 | $ | 375 |
| The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $26 per job, and the actual mobile lab operating expenses for February were $7,660. |
| The company expected to work 100 jobs in February, but actually worked 98 jobs. |
| Required: |
| Complete a flexible budget performance report showing AirQual Test Corporation�s revenue and spending variances and activity variances for February. |
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