Check 1 Exercise 9-16 (Algo) 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 Variable Component per Job 5228 Havenue Technician wag Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Fixed Component per Ronth 0,300 $4,900 $ 2,600 $1,600 $ 2.060 $ 920 $ 34 $ 3 Actual Total for Tebruary $33,390 $0.150 $ 9,160 92,440 1,670 2.860 3 485 ances The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $34 per job, and the actual mobile lab operating expenses for February were $9,160. The company expected to work 130 jobs in February, but actually worked 136 jobs. Required: Prepare a flexible budget performance report showing AlrQual Test Corporation's revenue and spending variances and activity variances for February (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (... zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 20 Actual Flexible Results Budget 136 Planning Budget Jobs Revenue $ 33,390 Prav 1 of 5 !!! Noxt > The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $34 per job, and the actual mobile tab operating expenses for February were $9,160. The company expected to work 130 jobs in February, but actually worked 136 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 effect (I... zero variance), Input all amounts as positive values.) 01:10:15 tlook AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget Planning Budget Print Jobs 136 forences $ 33,390 Ravenue Expenses Technician wagos Mobilo tab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expontos Total expense Net operating income 8,150 9,160 2,840 1,670 2,850 485 25,105 6,225 $ Proy 1 of 5 !!! Next >