AirQual Test Corporation provides on-site air quality testing services. The company has provided the following data concerning its operations:
Fixed Variable Actual
Component Component Total for
per Month per Job February
Revenue . . . . . . . . . . . . . . . . . . . . . $360 $18,950
Technician wages . . . . . . . . . . . . . . $6,400 $6,450
Mobile lab operating expenses . . . . $2,900 $35 $4,530
Office expenses . . . . . . . . . . . . . . . $2,600 $2 $3,050
Advertising expenses . . . . . . . . . . . $970 $995
Insurance . . . . . . . . . . . . . . . . . . . . $1,680 $1,680
Miscellaneous expenses . . . . . . . . . $500 $3 $465
The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $2,900 plus $35 per job, and the actual mobile lab operating expenses for February were $4,530.
The company expected to work 50 jobs in February, but actually worked 52 jobs.
Required:
Prepare a flexible budget performance report showing AirQual Test Corporation's activity variances and revenue and spending variances for February.