AirQual Test Corporation provides on$-$site air quality testing services. The company 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 $ $279$ $ $33,520$

Technician wages $ $8,000$ $ $7,850$

Mobile lab operating expenses $ $4,600$ $ $33$ $ $8,730$

Office expenses $ $2,800$ $ $3$ $ $3,040$

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

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

Miscellaneous expenses $ $950$ $ $2$ $ $515$

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 $$8,730.$ The company expected to work $130$ jobs in February but actually worked $138$ jobs.

Required:

Prepare a flexible budget performance report 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.Exercise $9-16($Algo$)$ Flexible Budget Performance Report $[$L$09-1,$ L$09-2,$ L$09-3,$ L$09-4]$

AirQual Test Corporation provides on$-$site air quality testing services. The company 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 $$4,600$ plus $$33$ per job, and the actual mobile lab operating expenses for February were $$8,730.$ The company expected to work $130$ jobs in February but actually worked $138$ jobs.

Required:

Prepare a flexible budget performance report 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.