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.)
|