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Air Qual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of

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Air Qual 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 Variable Actual Total per Month Component per Job for February Revenue $ 272 3 0,490 Technician wages $ 7,95 Mobile lab operating expenses $ 8,400 Office expenses $ 3,010 Advertising expenses $ 1,660 Insurance $ 2.900 Miscellaneous expenses The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $33 per job, and the actual mobile lab operating expenses for February were $8,400. The company expected to work 120 jobs in February, but actually worked 128 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 os positive values.) Regulieu. 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.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Flexible Results Budget Actual Planning Budget 128 $ 30,490 Revenue Expenses 7.950 8.400 Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance 3.0107 1.6607 2.900 3751 24 295 6.195 Miscellaneous expenses Total expense Not operating income $

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