Complete the flexible budget performance report showing

Reference no: EM13483736

AirAssurance 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 March
Revenue			$275	$	35,750
Technician wages	$	8,400		$	8,250
Mobile lab operating expenses	$	4,700	$29	$	8,920
Office expenses	$	2,700	$3	$	2,970
Advertising expenses	$	1,560		$	1,630
Insurance	$	2,850		$	2,850
Miscellaneous expenses	$	970	$1	$	415

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $29 per job, and the actual mobile lab operating expenses for March were $8,920.

The company expected to work 140 jobs in March, but actually worked 138 jobs.

Required:

Complete the flexible budget performance report showing AirAssurance Corporation's activity variances and revenue and spending variances for March. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

AirAssurance Corporation Flexible Budget Performance Report For the Month Ended March 31
	Activity Variances		Revenue and Spending Variances
Revenue	$	U	$	U

Expenses:
Technician wages				F
Mobile lab operating expenses		F		U
Office expenses		F		F
Advertising expenses				U
Insurance
Miscellaneous expenses		F		F

Total expense		F		F

Net operating income	$	U	$	U

Reference no: EM13483736

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