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.)

Answers: 2

Show answers

Answers

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

Ibelieve it's the left middle finger

Answer from: Quest

Answerwinchell would use the residual method($120-$100)=$20;

Another question on Business

Business, 22.06.2019 02:30

Atax on the sellers of coffee will a. increase the price of coffee paid by buyers, increase the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. b. increase the price of coffee paid by buyers, increase the e ffective price of coffee received by sellers, and decrease the equilibrium quantity of coffee. c. increase the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. d. increa se the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and decrease the equilibrium quantity of coffee.

Answers: 3

Answer

Business, 22.06.2019 13:10

A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?

Answers: 2

Answer

Business, 22.06.2019 20:50

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.

Answers: 2

Answer

Business, 22.06.2019 21:00

Mr. beautiful, an organization that sells weight training sets, has an ordering cost of $40 for the bb-1 set. (bb-1 stands for body beautiful number 1.) the carrying cost for bb-1 is $5 per set per year. to meet demand, mr. beautiful orders large quantities of bb-1 seven times a year. the stockout cost for bb-1 is estimated to be $50 per set. over the past several years, mr. beautiful has observed the following demand during the lead time for bb-1: demand during lead time probability40 0.150 0.260 0.270 0.280 0.290 0.1total 1.0the reorder point for bb-1 is 60 sets. what level of safety stock should be maintained for bb-1?

Answers: 3

Answer

You know the right answer?

The company uses the number of jobs as its measure of activity. For example, mobile lab operating ex...

Questions