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Revenge Technician wages Mobile lab operating expenses office expenses Advertising expens Insurance Miscellaneous expenses Jobe Revenue Expenses Technician wages Meble lab opening expenses Office expenses Fixed Component per Month Advertising expenses insurance $ 8,200 $4,500 #2,400 #1.600 $2,000 $970 #1 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4.500 plus $32 per job, and the actual mobile lab operating expenses for February were $8,820. The company expected to work 140 jobs in February, but actually worked 148 jobs. Miscellaneous expenses Total expense et operating income Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity variances for February (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Actual ults AirQual Test Corporation i Plexibis Budget Performance Raport For the Month Ended February 25 148 SM450 S Variable Component per Job $ 200 8050 8820 3.010 1870 2.880 $.32 14 Actual Total for February $36,450 $8,050 $8,820 $3,010 #1,670 $2,000 #415 415 24,345 11800 Flexible Budget Planning Burget

Revenge Technician wages Mobile lab operating expenses office expenses Advertising expens Insurance Miscellaneous expenses Jobe Revenue Expenses Technician wages Meble lab opening expenses Office expenses Fixed Component per Month Advertising expenses insurance $ 8,200 $4,500 #2,400 #1.600 $2,000 $970 #1 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4.500 plus $32 per job, and the actual mobile lab operating expenses for February were $8,820. The company expected to work 140 jobs in February, but actually worked 148 jobs. Miscellaneous expenses Total expense et operating income Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity variances for February (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Actual ults AirQual Test Corporation i Plexibis Budget Performance Raport For the Month Ended February 25 148 SM450 S Variable Component per Job $ 200 8050 8820 3.010 1870 2.880 $.32 14 Actual Total for February $36,450 $8,050 $8,820 $3,010 #1,670 $2,000 #415 415 24,345 11800 Flexible Budget Planning Burget

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 4E: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...
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Revenue Technician wages Mobile lab operating expenses office expenses Advertising expens Insurance Miscellaneous expenses Jobe Reverse Expenses Technician wages Mobile ab operating experes Office expenses Fixed Component per Month 01 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4.500 plus $32 per job, and the actual mobile lab operating expenses for February were $8,820. The company expected to work 140 jobs in February, but actually worked 148 jobs. Advertising expenses Insurance $ 8,200 $4,500 $2,400 1,600 $2,000 9.970 Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity variances for February (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Macelacus expenses Total expense Net operating income Actual Results Variable Component par Job $ 200 148 $30,450 AirQual Test Corporation Plexibis Budget Performance Raport For the Month Ended February 26 8050 8.820 $32 $4 3.010 1570 2.880 Actual Total for February $36,450 $8,050 $8.820 $ 3,010 1,670 2,000 410 24,345 11.800 Flexible Budget Planning Budget
Transcribed Image Text:Revenue Technician wages Mobile lab operating expenses office expenses Advertising expens Insurance Miscellaneous expenses Jobe Reverse Expenses Technician wages Mobile ab operating experes Office expenses Fixed Component per Month 01 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4.500 plus $32 per job, and the actual mobile lab operating expenses for February were $8,820. The company expected to work 140 jobs in February, but actually worked 148 jobs. Advertising expenses Insurance $ 8,200 $4,500 $2,400 1,600 $2,000 9.970 Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity variances for February (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Macelacus expenses Total expense Net operating income Actual Results Variable Component par Job $ 200 148 $30,450 AirQual Test Corporation Plexibis Budget Performance Raport For the Month Ended February 26 8050 8.820 $32 $4 3.010 1570 2.880 Actual Total for February $36,450 $8,050 $8.820 $ 3,010 1,670 2,000 410 24,345 11.800 Flexible Budget Planning Budget
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