Air Assurance 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 | $24,750 |
Technician wages | $ 8,600 |
| $8,450 |
Mobile lab operating expenses | $ 4,900 | $29 | $7,960 |
Office expenses | $ 2,700 | $3 | $2,850 |
Advertising expenses | $ 1,580 |
| $1,650 |
Insurance | $ 2,870 |
| $2,870 |
Miscellaneous expenses | $ 960 | $2 | $465 |
The company uses the number of jobs as its measure of activity. Forexample, mobile lab operating expenses should be $4,900 plus $29 per job, and the actual mobile lab operating expenses for March were $7,960.
The company expected to work 100 jobs in March, but actually worked 98 jobs.
Required:
Prepare a flexible budget performance report showing Air Assurance Corporation's activity variances and revenue and spending variances for March.
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