Business, 16.04.2020 00:15 qurreab26

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $33 per job, and the actual mobile lab operating expenses for February were $9,160. The company expected to work 140 jobs in February, but actually worked 142 jobs. Required: Prepare a flexible budget performance report showing AirQual Test Corporation 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 (i. e., zero variance). Input all amounts as positive values.)

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Answer from: jadejordan8888

Spending variances 226 Un Favorable

Activity variances 66 UnFavorable

Explanation:

Budgeted mobile lab operating expenses $4,700 plus $33 per job,

Actual mobile lab operating expenses February $9,160.

Budgeted jobs in February, 140

actually worked 142 jobs

Flexible budget performance report

AirQual Test Corporation

Spending variances for February

Flexible Budget Actual Result Spending

For 142 jobs Variances

Lab Operating Expense 9386 9160 226 UnFav

Spending variances = Actual Expenses - budgeted Expenses

Spending variances = $9,160- ($4,700 +$33 *142)

Spending variances = $9,160- ($4,700 +$4686)

Spending variances = $9,160- 9386= 226 Un Favorable

Flexible budget performance report

AirQual Test Corporation

Activity variances for February

Budget Expense Flexible Bud Activity

For 140 jobs For 142 jobs Variances

Lab Operating Expense 9320 9386 66 Unfav

Activity variances = Flexible Budget Expenses - Planned budgeted Expenses

Activity variances = $9,386- ($4,700 +$33 *140)

Activity variances = $9,386- ($4,700 +$4620)

Activity variances = $9,386- 9320= 66 UnFavorable

Answer from: Quest

b $274.07

step-by-step explanation:

you just devide 222 by 0.81

Answer from: Quest

What are the given options so i may

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