Complete the flexible budget performance report showing

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Reference no: EM13483736

AirAssurance 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       $ 35,750    
  Technician wages $ 8,400   
$ 8,250    
  Mobile lab operating expenses $ 4,700    $29       $ 8,920    
  Office expenses $ 2,700    $3       $ 2,970    
  Advertising expenses $ 1,560   
$ 1,630    
  Insurance $ 2,850   
$ 2,850    
  Miscellaneous expenses $ 970    $1       $ 415    

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $29 per job, and the actual mobile lab operating expenses for March were $8,920.

     The company expected to work 140 jobs in March, but actually worked 138 jobs.
Required:

Complete the flexible budget performance report showing AirAssurance Corporation's activity variances and revenue and spending variances for March. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

AirAssurance Corporation
Flexible Budget Performance Report
For the Month Ended March 31

Activity Variances Revenue and Spending Variances
  Revenue $    U $    U





  Expenses:



     Technician wages          F
     Mobile lab operating expenses    F    U
     Office expenses
   F    F
     Advertising expenses          U
     Insurance            
     Miscellaneous expenses    F    F





  Total expense    F    F





  Net operating income $    U $    U

Reference no: EM13483736

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