16 Advertising expenses Insurance Miscellaneous expenses $ 970 $ 1,680 $ 500 Saved $995 $ 1,680 $465 Help Save & Exit Submit Check my work 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 (ie., zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Revenue and Actual Results Spending Variances Jobs Revenue 52 $ 18,950 Expenses Flexible Budget Activity Variances Planning Budget Prev 1 of 1 Next