Question: Can you please answer this for me Exercise 9-17 Flexible Budget Performance Report [LO9-1, LO9-2, LO9-3, LO9-4] AirQual Test Corporation provides on-site air quality testing

Can you please answer this for me

Can you please answer this for me Exercise 9-17 Flexible Budget Performance

Exercise 9-17 Flexible Budget Performance Report [LO9-1, LO9-2, LO9-3, LO9-4] 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 Variable Actual Total per Month Component per Job for February Revenue $ 276 $ 35, 890 Technician wages $ 8,500 $ 8,350 Mobile lab operating expenses $ 4,909 33 $ 9,640 Office expenses $ 2,500 64 6 3 2,770 Advertising expenses $ 1, 609 1, 670 Insurance 2, 850 Miscellaneous expenses $ 970 1 $ 2, 850 415 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $35 per job, and the actual mobile lab operating expenses for February were $9,640. The company expected to work 140 jobs in February, but actually worked 146 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.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Planning Results Budget Budget Jobs 146 Revenue $ 35,890 Expenses Technician wages 3,350 Mobile lab operating expenses 9,640 Office expense 2,770 Advertising expenses 1,670 Insurance 2,850 Miscellaneous expenses 415 Total expense 25,695 Net operating income $ 10,195

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