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Prepare flexible budget performance report

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Question - 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 per Job Actual Total for February

Revenue $278 $36,170

Technician wages $8,600 $8,450

Mobile lab operating expenses $4,700 $31 $8,880

Office expenses $2,700 $3 $2,970

Advertising expenses $1,560 $1,630

Insurance $2,900 $2,900

Miscellaneous expenses $930 $1 $375

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $31 per job, and the actual mobile lab operating expenses for February were $8,880. The company expected to work 140 jobs in February, but actually worked 146 jobs.

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

Reference no: EM133039562

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