Air Assurance Corporation provides on-site air quality testing services. The company has provided the following data concerning its operations: Fixed Variable Component Component Actuals for per Month per Job March Revenue $275 $24.750 Technician wages 8.450 $8,600 4,900 29 Mobile lab selling and administrative expenses 2,700 3 Office expenses 7,960 (5,216 fixed) 2,850 (2,556 fixed) 1.650 1,580 2,870 Advertising expenses Insurance Miscellaneous expenses 960 2 2,870 465 (269 fixed) The company uses the number of jobs as its measure of activity. For example, mobile lab selling and administrative expenses should be $4,900 plus $29 per job, and the actual mobile lab operating expenses for March were $7,960. The company expected to work 100 jobs in March, but actually worked 98 jobs. Required: Prepare a comprehensive performance report for March, Assume that the static budget for March was based on an activity level of 100 jobs. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). AIR ASSURANC CORPORATION Comprehensive Performance Report For the Month Ended March 31 Flexible Flexible Actual Budget Budget Variance 98 98 Sales Volume Variance Static Budget Jobs 100 Variable Expenses Total variable expenses Les fixed expenses Variable Expenses Total variable expenses Less fixed expenses Total fixed expenses