AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost...

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AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of February Fixed Component 48.09 Revenue Technician wages Office expenses Mobile lab operating expenses Per Month $8,600 $ 4,800 Variable Component per Job for February Actual Total $276 $ 33,130 $ 8,450 $34 $ 9,060 $2,500 $ 3 $ 2,740 Advertising expenses $ 1,500 $1,670 Insurance OK Miscellaneous expenses $ 2,890 $ $ 2,890 970 $ $ 535 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4.800 plus $34 per job, and the actual mobile lab operating expenses for February were $9,060. The company expected to work 130 jobs in February, but actually worked 132 jobs. Required: Prepare a flexible budget performance report showing AirQual Test Corporation's 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 (ie., zero variance). Input all amounts as positive values.) 2 0 bints variances for February. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for effect (i.e., zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 04:47:57 Actual Flexible Planning Results Budget Budget Jobs 132 eBook Revenue $ 33,130 Print Expenses Technician wages 8,450 Mobile lab operating 9,000 expenses Office expenses 2,740 Advertising expenses 1,670 Insurance 2,890 Miscellaneous expenses 535 Total expense 25,345 Net operating income 7,785 AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of February Fixed Component 48.09 Revenue Technician wages Office expenses Mobile lab operating expenses Per Month $8,600 $ 4,800 Variable Component per Job for February Actual Total $276 $ 33,130 $ 8,450 $34 $ 9,060 $2,500 $ 3 $ 2,740 Advertising expenses $ 1,500 $1,670 Insurance OK Miscellaneous expenses $ 2,890 $ $ 2,890 970 $ $ 535 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4.800 plus $34 per job, and the actual mobile lab operating expenses for February were $9,060. The company expected to work 130 jobs in February, but actually worked 132 jobs. Required: Prepare a flexible budget performance report showing AirQual Test Corporation's 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 (ie., zero variance). Input all amounts as positive values.) 2 0 bints variances for February. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for effect (i.e., zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 04:47:57 Actual Flexible Planning Results Budget Budget Jobs 132 eBook Revenue $ 33,130 Print Expenses Technician wages 8,450 Mobile lab operating 9,000 expenses Office expenses 2,740 Advertising expenses 1,670 Insurance 2,890 Miscellaneous expenses 535 Total expense 25,345 Net operating income 7,785