Question: Please answer the question in the same format as question AirQual Test Corporation provides on-site air quality testing services. The company has provided the following
Please answer the question in the same format as question

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 Variable Actual Component Component Total for per Month per Job February Revenue $ 279 $ 30, 730 Technician wages 5 8, 200 $ 8, 050 Mobile lab operating expenses $ 4,800 31 $ 8, 360 Office expenses $ 2,700 $ 2,790 Advertising expenses $ 1,610 $ 1,680 Insurance $ 2,900 $ 2,900 Miscellaneous expenses $ 960 $ 385 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $31 per job, and the actual mobile lab operating expenses for February were $8,360. The company expected to work 120 jobs In February, but actually worked 126 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 (Le., 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 126 Revenue $ 30,730 Expenses Technician wages 8,050 Mobile lab operating expenses 8,360 Office expense 2,790 Advertising expenses 1,680 Insurance 2 900 Miscellaneous expenses 385 Total expense 24,165 Net operating income $ 6,565
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