Question: Air Qual Test Corporation provides on-site at quality testing services. The company has provided the following cost formulas and actual results for the month of

 Air Qual Test Corporation provides on-site at quality testing services. The

company has provided the following cost formulas and actual results for the

Air Qual Test Corporation provides on-site at quality testing services. The company has provided the following cost formulas and actual results for the month of February Revenue Technician wages Mohile la operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Variable Fixed Component component per Actual Total per Month Job for February 5275 333,00 38,500 $ 8,450 $ 4,0 $33 $ 8,30 $ 2,700 $2 $ 3,818 $1,570 $ 1,640 $ 2,60 $ 2,850 5 988 52 5 The company uses the number of jobs as its measure of activity. For example, mobile la operating expenses should be $4.800 plus 533 per job, and the actual mobile lab operating expenses for February were $8,930. The company expected to work 130 jobs in February, but actually worked 140 jobs Required: Prepare a flexible budget performance report showing Air Qual 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 effective., zero variance). Input all amounts as positive values.) 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 "Ffor favorable, "U" for unfavorable, and "None for no effect i.e., zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 2 Achaal Rexible Resets Budget Planning Budget Jobs 140 $ 33,000 8,450 Revenue Expenses Technician wages Moble lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses 8,930 2.810 1.540 2.850

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