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1 AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month
1 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 Technician vages $ 6,400 Variable Component por Job $ 360 Actual Total for February $ 18,950 $ 6,450 Sok Mobile lab operating expenses $ 2,900 $ 35 $ 4,530 office expenses ances Advertising expenses $2,600 5970 $2 Insurance Miscellaneous expenses $ 1,680 $500 $ 3,050 $995 $1,680 $3 $465 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $2,900 plus $35 per job, and the actual mobile lab operating expenses for February were $4,530. The company expected to work 50 jobs in February, but actually worked 52 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 (.e., zero variance). Input all amounts as positive values.)
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