Hansaben per MonthJobRevenue$ 279rixeavariableComponent Component per Actual Totalfor February$ 30,730Technician wagesOffice expenses$ 8,000$ 7,850Mobile lab operating expenses$ 4,600$ 33$ 8,400$ 2,500$ 2$ 2,590Advertising expenses$ 1,620$ 1,690Insurance$ 2,890Miscellaneous expenses$ 950$ 2$ 2,890$ 495The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus$33 per job, and the actual mobile lab operating expenses for February were $8,400. The company expected to work 120 jobs inFebruary, but actually worked 126 jobs.Required:Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activityvariances for February. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for noeffect (i.e., zero variance). Input all amounts as positive values.)AirQual Test CorporationFlexible Budget Performance ReportFor the Month Ended February 28JobsActualResults126$ 30,730RevenueExpenses:Technician wages7,850Mobile lab operating expenses8,400Office expenses2,590Advertising expenses1,690Insurance2,890Miscellaneous expenses495Total expense23,915Net operating income$6,815FlexiblePlanningBudgetBudget

Flexible budget performance report is a management report that compares actual results with budgeted…

per Month Revenue Job $ 279 rixea variable Component Component per Actual Total for February $ 30,730 Technician wages $ 8,000 $ 7,850 Mobile lab operating expenses $ 4,600 $ 33 $ 8,400 office expenses $ 2,500 $ 2 $ 2,590 Advertising expenses $ 1,620 $ 1,690

per Month Revenue Job $ 279 rixea variable Component Component per Actual Total for February $ 30,730 Technician wages $ 8,000 $ 7,850 Mobile lab operating expenses $ 4,600 $ 33 $ 8,400 office expenses $ 2,500 $ 2 $ 2,590 Advertising expenses $ 1,620 $ 1,690

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter13: Budgeting And Standard Costs

Section: Chapter Questions

Problem 13.6.6P: Standards for nonmanufacturing expenses The Radiology Department provides imaging services for...

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Midiul acturing overneau 1,400,00 $1,000,000 $1,110,000 Direct labor costs $1,860,000 $1,550,000 $558,000 Direct labor hours 124,000 155,000 49,600 Machine hours 496,000 620,000 148,800 The following information pertains to January 2022 for each manufacturing department. Department E K Direct materials used $173,600 $156,240 $94.720 Direct labor costs $148,800 $136,400 $46,500 Manufacturing overhead incurred $122,760 $153,760 $97,960 Direct labor hours 9,920 13,640 4,340 Machine hours 42,160 55,800 12,896.
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For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Budget Snowmobile $ 20,590 11,500 ATV $ 28,600 Snowmobile $ 20,520 Actual ATV $ 30,030 11,870 22,450 5,500 5,500 21,600 5,400 6,300 4,510 1,010 470 6,800 650 7,400 4,270 440 6,400 $ 49,270 $ 65,560 $ 49,000 1,070 610 7,400 $ 67,060 s Exercise 22-1 (Algo) Responsibility accounting performance report LO P1 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Totals Controllable Costs Budgeted Actual Over (Under) Budget
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