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: Revenue Technician wages Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Fixed Variable Component Component per Actual Total per Month for February $ 27,610 $ 8,250 $ 8,060 Jobs Revenue Expenses: $ 8,400 $ 4,708 $ 2,400 $ 1,600 $ 2,860 $ 980 Technician wages $2 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $32 per job, and the actual mobile lab operating expenses for February were $8,060. The company expected to work 110 jobs in February, but actually worked 112 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 (i.e., zero variance). Input all amounts as positive values.) Job $ 276 Actual Results $ 32 $3 112 $ 27,610 $ 2,580 $ 1,670 $ 2,860 $ 505 AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 8,250 Flexible Budget Planning Budget 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: Revenue Technician wages Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Fixed Variable Component Component per Actual Total per Month for February $ 27,610 $ 8,250 $ 8,060 Jobs Revenue Expenses: $ 8,400 $ 4,708 $ 2,400 $ 1,600 $ 2,860 $ 980 Technician wages $2 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $32 per job, and the actual mobile lab operating expenses for February were $8,060. The company expected to work 110 jobs in February, but actually worked 112 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 (i.e., zero variance). Input all amounts as positive values.) Job $ 276 Actual Results $ 32 $3 112 $ 27,610 $ 2,580 $ 1,670 $ 2,860 $ 505 AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 8,250 Flexible Budget Planning Budget

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