Static / Planning Budget – sale 10,000 units

Flexible Budget

Actual sales – 12,000 units

AirQual Test Corporation

Flexible Budget Performance Report
For the Month ended on February 28, YYYY
Actual Revenue and Flexible Activity Planning
Particulars Results Spending Budget Variances Budget
Variances
Number of Jobs (q) 52 52 50
Revenue (360q) 18,950 230 F 18,720 720 F 18,000
Less: Expenses
Technician Wages (6,400) 6,450 50 U 6,400 - 6,400
Mobile lab operating expenses 4,530 190 F 4,720 70 U 4,650
(2,900 + 35q)
Office Expenses (2,600 + 2q) 3,050 346 U 2,704 4U 2,700
Advertising Expense (970) 995 25 U 970 - 970
Insurance (1,680) 1,680 - 1,680 - 1,680
Miscellaneous Expense (500 + 465 191 F 656 6U 650
3q)
Total Expenses 17,170 40 U 17,130 80 U 17,050
Net Operating Income 1,780 190 F 1,590 640 F 950