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1 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: Fixed Component per Month Variable Component Revenue ts per Job $ 360 Actual Total for February $ 18,950 Technician wages $ 6,400 $ 6,450 Mobile lab operating expenses $ 2,900 $ 35 $ 4,530 Office expenses $ 2,600 $ 2 $ 3,050 Advertising expenses Insurance $ 970 $ 1,680 $ 995 $ 1,680 eBook Miscellaneous expenses $ 500 $ 3 $ 465 Ask eferences The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $2,900 plus $35 per job, and the actual mobile lab operating expenses for February were $4,530. The company expected to work 50 jobs in February, but actually worked 52 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 C Jobs Revenue Expenses: Actual Results 52 $ 18,950 Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total nunonen 6,450 4,530 3,050 995 1,680 465 47 470 Flexible Budget Planning Budget www

1 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: Fixed Component per Month Variable Component Revenue ts per Job $ 360 Actual Total for February $ 18,950 Technician wages $ 6,400 $ 6,450 Mobile lab operating expenses $ 2,900 $ 35 $ 4,530 Office expenses $ 2,600 $ 2 $ 3,050 Advertising expenses Insurance $ 970 $ 1,680 $ 995 $ 1,680 eBook Miscellaneous expenses $ 500 $ 3 $ 465 Ask eferences The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $2,900 plus $35 per job, and the actual mobile lab operating expenses for February were $4,530. The company expected to work 50 jobs in February, but actually worked 52 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 C Jobs Revenue Expenses: Actual Results 52 $ 18,950 Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total nunonen 6,450 4,530 3,050 995 1,680 465 47 470 Flexible Budget Planning Budget www

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter5: Product And Service Costing: Job-order System
Section: Chapter Questions
Problem 22E: CleanCom Company specializes in cleaning commercial buildings and construction sites. Each building...
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1 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: Fixed Component per Month Variable Component Revenue ts per Job $ 360 Actual Total for February $ 18,950 Technician wages $ 6,400 $ 6,450 Mobile lab operating expenses $ 2,900 $ 35 $ 4,530 Office expenses $ 2,600 $ 2 $ 3,050 Advertising expenses Insurance $ 970 $ 1,680 $ 995 $ 1,680 eBook Miscellaneous expenses $ 500 $ 3 $ 465 Ask eferences The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $2,900 plus $35 per job, and the actual mobile lab operating expenses for February were $4,530. The company expected to work 50 jobs in February, but actually worked 52 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 C Jobs Revenue Expenses: Actual Results 52 $ 18,950 Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total nunonen 6,450 4,530 3,050 995 1,680 465 47 470 Flexible Budget Planning Budget www
Transcribed Image Text:1 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: Fixed Component per Month Variable Component Revenue ts per Job $ 360 Actual Total for February $ 18,950 Technician wages $ 6,400 $ 6,450 Mobile lab operating expenses $ 2,900 $ 35 $ 4,530 Office expenses $ 2,600 $ 2 $ 3,050 Advertising expenses Insurance $ 970 $ 1,680 $ 995 $ 1,680 eBook Miscellaneous expenses $ 500 $ 3 $ 465 Ask eferences The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $2,900 plus $35 per job, and the actual mobile lab operating expenses for February were $4,530. The company expected to work 50 jobs in February, but actually worked 52 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 C Jobs Revenue Expenses: Actual Results 52 $ 18,950 Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total nunonen 6,450 4,530 3,050 995 1,680 465 47 470 Flexible Budget Planning Budget www
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