10 Exercise 9-17 Flexible Budget Performance Report [LO9-1, LO9-2, Lo9-3, LO9-4] AlrQual Test Corporation provides on-site alr quality testing services. The company has provided the following cost formulas and actual results for the month of February 10 points Fixed Component Variable Actual Total per Month Component per Job for February $ 33,138 7,956e $ 8,37e 2,740 $ 276 Revenue eBook Technician wages Mobile lab operating expenses Office expenses Advertising expenses $8,108 4,5e0 s2,500 s1,59e $ 2,898 $ 938 $ 31 s 1,668 s 2,898 $ 365 Print Insurance Miscellaneous expenses References The company uses the number of jobs as Its measure of activity. For example, moble lab operating expenses should be $4,500 plus $31 per Job, and the actual moble lab operating expenses for February were $8,370. The company expected to work 130 Jobs In February, but actually worked 134 Jobs. Requlrec Prepare a flexible budget performance report showing AlrQual Test Corporation's revenue and spending varlances and activity varlances for February. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero varlance). Input all amounts as positlve values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 The company uses the number of jobs as Its measure of activity. For example, moble lab operating expenses should be $4,500 plus $31 per Job, and the actual moble lab operating expenses for February were $8,370. The company expected to work 130 Jobs In February, but actually worked 134 Jobs. 10 Requlrec Prepare a flexible budget performance report showng AlrQual Test Corporation's revenue and spending varlances and activity varlances for February. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero varlance). Input all amounts as positlve values.) points eBook AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Print Planning Budget Actual Flexible Results Budget Jobs 134 References Revenue 5 33,130 Expenses: Technician wages 7,950 Mobile lab operating expenses 8,370 Office expenses 2,740 Advertising expenses 1,660 2,890 Insurance Miscellaneous expenses 365 Total expense 23,975 Net operating income 5 9,155