Fixed Component per Month Variable Component per Job for February Actual Total Revenue . Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses $18,950 $6,450 $4,530 $3,050 $995 $1,680 $360 $6,400 $2,900 $2,600 $970 $1,680 $35 $2 $500 $3 $465 Roshardying Fleible Budget Pefomance Repot For the Month Ended March 31 Revenue and O Spending Acity Actual Varinces Rexble Verinces Paning Results (0-0 Budget 2-9) Budget Client-vits 1,100 1,00 1,00 Rasenue $180.0). $194,200 $3.800 U $198000 $18,000 F $1800 Epersesr Wagesad sarie 6500 $370. Haistigspie $150). 106,900 1,00 U 105,700 3700 U 102000 ..... 1,620 30 F 1,60 150 U 1,500 410 U 4,100 6870 2360 U 4,510 Becicty $1,00 $0.0). Rert (2,50). Labity isuance $2.0. Emplyee heath isuance $21,30) Miscelaneus $1.200 $20). 1,50 60 F 1,510 10 U 1600 28,00 0 2,500 28,00 2,800 2.00 2,600 1,300 U 21300 710 U 1420 2,800 21,300 2,130 20 U 1,00 Totalexense. 172,970 5.480 U 167490 4290 U 163200 Net opeaing home. $ 21.30 $9.280 U $30510 $13.710 F $ 16,800

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Chapter1: Financial Statements And Business Decisions
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Flexible Budget Performance Report

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:

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:

Using Exhibit 9–8 as your guide, prepare a flexible budget performance report showing AirQual Test corporation’s revenue and spending variances and activity variances for February.

Exhibit 9–8 Performance Report Combining Activity Variances with Revenue and Spending Variances

 

Fixed Component
per Month
Variable
Component per Job for February
Actual Total
Revenue .
Technician wages
Mobile lab operating expenses
Office expenses
Advertising expenses
Insurance
Miscellaneous expenses
$18,950
$6,450
$4,530
$3,050
$995
$1,680
$360
$6,400
$2,900
$2,600
$970
$1,680
$35
$2
$500
$3
$465
Transcribed Image Text:Fixed Component per Month Variable Component per Job for February Actual Total Revenue . Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses $18,950 $6,450 $4,530 $3,050 $995 $1,680 $360 $6,400 $2,900 $2,600 $970 $1,680 $35 $2 $500 $3 $465
Roshardying
Fleible Budget Pefomance Repot
For the Month Ended March 31
Revenue and
O Spending Acity
Actual Varinces Rexble Verinces Paning
Results (0-0 Budget 2-9) Budget
Client-vits
1,100
1,00
1,00
Rasenue $180.0).
$194,200 $3.800 U $198000 $18,000 F $1800
Epersesr
Wagesad sarie 6500 $370.
Haistigspie $150).
106,900 1,00 U 105,700 3700 U 102000
.....
1,620
30 F
1,60 150 U 1,500
410 U 4,100
6870 2360 U 4,510
Becicty $1,00 $0.0).
Rert (2,50).
Labity isuance $2.0.
Emplyee heath isuance $21,30)
Miscelaneus $1.200 $20).
1,50
60 F 1,510
10 U 1600
28,00
0 2,500
28,00
2,800
2.00
2,600 1,300 U 21300
710 U 1420
2,800
21,300
2,130
20 U 1,00
Totalexense.
172,970 5.480 U 167490 4290 U 163200
Net opeaing home.
$ 21.30 $9.280 U $30510 $13.710 F $ 16,800
Transcribed Image Text:Roshardying Fleible Budget Pefomance Repot For the Month Ended March 31 Revenue and O Spending Acity Actual Varinces Rexble Verinces Paning Results (0-0 Budget 2-9) Budget Client-vits 1,100 1,00 1,00 Rasenue $180.0). $194,200 $3.800 U $198000 $18,000 F $1800 Epersesr Wagesad sarie 6500 $370. Haistigspie $150). 106,900 1,00 U 105,700 3700 U 102000 ..... 1,620 30 F 1,60 150 U 1,500 410 U 4,100 6870 2360 U 4,510 Becicty $1,00 $0.0). Rert (2,50). Labity isuance $2.0. Emplyee heath isuance $21,30) Miscelaneus $1.200 $20). 1,50 60 F 1,510 10 U 1600 28,00 0 2,500 28,00 2,800 2.00 2,600 1,300 U 21300 710 U 1420 2,800 21,300 2,130 20 U 1,00 Totalexense. 172,970 5.480 U 167490 4290 U 163200 Net opeaing home. $ 21.30 $9.280 U $30510 $13.710 F $ 16,800
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