Extercise $9-16($Algo$)$ Flexible Budget Performance Report $[$LO$9-1,$ LO$9-2,$ LO$9-3,$ LO$9-4]$

AirQual Test Corporation provides on$-$site air quality testing services. The company provided the following cost formulas and actual results for the month of February:

$\backslash$table$[[,$Fixed Component per Month,Variable Component per Job,$\backslash$table$[[$Actual$],[$Total for$],[$February$]]],[$Revenue$,,$$ $280,$$ $30,850],[$Technician wages,$ $8,100,,$$ $7,950],[$Mobile lab operating expenses,$ $4,900,$$ $33,$$ $8,700],[$Office expenses,$ $2,700,$$ $3,$$ $2,910],[$Advertising expenses,$ $1,620,,$$ $1,690],[$Insurance$,$$ $2,870,,$$ $2,870],[$Miscellaneous expenses,$$930,$$ $2,$$ $475]]$

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $$4,900$ plus $$33$ per job, and the actual mobile lab operating expenses for February were $$8,700.$ The company expected to work $120$ jobs in February but actually worked $124$ jobs.

Required:

Prepare a flexible budget performance report for February.

Note: 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

$\backslash$table$[[$AirQual Test Corporation$],[$Flexible Budget Performance Report$],[$For the Month Ended February $28],[,$Actual Results,Revenue and Spending Variances,$\backslash$table$[[$Flexible$],[$Budget$]],$Activity Variances,Planning Budget$],[$Jobs$,124,,,,],[$Revenue$,$$ $30,850,,,,],[$Expenses:$,,,,,],[$Technician wages,$7,950,,,,],[$Mobile lab operating expenses,$8,700,,,,],[$Office expenses,$2,910,,*,,],[$Advertising expenses,$1,690,,,,],[$Insurance$,2,870,,,,]]$