Check my work 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 Fixed Component per Month Revenue Job $279 Variable Component per Actual Total for February $ 30, 730 Technician wages $ 8.600 $ 8,450 Mobile lab operating expenses $ 4,700 $ 34 $ 8,620 Office expenses $ 2,600 $ 2 $ 2,690 Advertising expenses $ 1.550 $ 1.620 Insurance $ 2.860 Miscellaneous expenses $920 $1 $ 2,860 $ 345 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $34 per job, and the actual mobile lab operating expenses for February were $8,620. The company expected to work 120 jobs in February, but actually worked 128 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- Jobs Revenue Actual Results 128 $ 30,730 Expenses: Technician wages 8,450 Mobile lab operating expenses 8,620 Office expenses 2,690 Advertising expenses 1,620 Insurance 2,860 345 Miscellaneous expenses Total expense Net operating income 24,585 $ 6,145 Flexible Planning Budget Budget