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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 Variable Fixed Component Component per Actual Total per Month Job for February Revenue $ 279 $36,310 Technician wages $ 8,500 $ 8,350 Mobile lab operating expenses $ 4,5ee $ 33 $ 8,960 office expenses $ 2,700 $ 4 $ 3, 110 Advertising expenses $1,600 $ 1,670 Insurance $ 2,860 $ 2,860 Miscellaneous expenses $ 98e $ 565 The company uses the number of jobs as its measure of activity. For example, mobile tab operating expenses should be $4,500 plus $33 per job, and the actual mobile lab operating expenses for February were $8,960. The company expected to work 140 jobs in February, but actually worked 148 jobs. Required: Prepare a flexible budget performance report showing Air Qual 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.) AlrQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28, Flexible Budget Budget Actual Results Planning Jobs 148 $ 35,310 Revenue Expenses Technician wages Mobile lab operating 8.350 Ronal

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