Discuss flexible budget performance report

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Reference no: EM131762520

Flexible Budget Performance Report

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

 

$360

$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

$970

 

$995

Insurance

$1,680

 

$1,680

Miscellaneous expenses

$500

 

$3

$465

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:  Use the template provided, save it to your desktop and then upload and submit your assignment.

Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity variances for February.

Reference no: EM131762520

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