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:

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

Revenue $ $278$ $ $27,830$

Technician wages $ $8,300$ $ $8,150$

Mobile lab operating expenses $ $4,700$ $ $30$ $ $7,840$

Office expenses $ $2,700$ $ $3$ $ $2,880$

Advertising expenses $ $1,580$ $ $1,650$

Insurance $ $2,870$ $ $2,870$

Miscellaneous expenses $ $960$ $ $1$ $ $375$

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $$4,700$ plus $$30$ per job, and the actual mobile lab operating expenses for February were $$7,840.$ The company expected to work $110$ jobs in February, but actually worked $120$ jobs.

Required: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 $$4,700$ plus

$$30$ per job, and the actual mobile lab operating expenses for February were $$7,840.$ The company expected to work $110$ jobs in

February, but actually worked $120$ 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 $($i$.$e$.,$ zero variance$).$ Input all amounts as positive values.$)$

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 $($i$.$e$.,$ zero variance$).$ Input all amounts as positive values.$)$