AirQual 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:The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $$4,60$

$$30$ per job, and the actual mobile lab operating expenses for February were $$8,040.$ The company expected to work $120$ job

February, but actually worked $124$ jobs.

Required:

Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activit

variances for February.

Note: Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.$

variance$).$ Input all amounts as positive values.

Fixed Component per Month Variable Component per Job Actual Total for February

Revenue $ $279$ $ $30,730$

Technician wages $ $8,200$ $ $8,050$

Mobile lab operating expenses $ $4,600$ $ $30$ $ $8,040$

Office expenses $ $2,200$ $ $3$ $ $2,410$

Advertising expenses $ $1,590$ $ $1,660$

Insurance $ $2,900$ $ $2,900$

Miscellaneous expenses $ $950$ $ $1$ $ $375$

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $$4,600$ plus $$30$ per job, and the actual mobile lab operating expenses for February were $$8,040.$ The company expected to work $120$ jobs in February, but actually worked $124$ jobs.

Required:

Prepare a flexible budget performance report showing AirQual Test Corporation$$s revenue and spending variances and activity variances for February.

Note: Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$ Input all amounts as positive values.