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 $ 38,950 Technician wages $ 8,000 $ 7,850 Mobile lab operating expenses $ 4,900 $ 31 $ 9,390 Office expenses $ 2,400 $ 4 $ 2,850 Advertising expenses $ 1,580 $ 1,650 Insurance $ 2,860 $ 2,860 Miscellaneous expenses $ 970 $ 1 $ 425 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $31 per job, and the actual mobile lab operating expenses for February were $9,390. The company expected to work 150 jobs in February, but actually worked 158 jobs. Required: Prepare a flexible budget performance report showing AirQual Test Corporations 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.)

CH 9 FLEX BUDGETS HOMEWORK Help Saved Save & E Che 6 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 Actual Total Variable 0.35 Component per Job for February polnts $ 278 38,950 Revenue Technician wages Mobile lab operating expenses office expenses Advertising expenses $ 8,000 4,900 $ 2,400 $ 1,580 7,850 $9,390 $2,850 S1,650 2,8 $ 31 eBook $ 4 Print 2. Miscellaneous expenses $ 1 425 970 References The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $31 per job, and the actual mobile lab operating expenses for February were $9,390. The company expected to work 150 jobs in February, but actually worked 158 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 varience). Input all amounts as positive velues.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Mc Graw 6 of 6 Prey NExt a Type here to search Saved CH 9 FLEX BUDGETS HOMEWORK Che 6 AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 0.35 Flexible Budget Planning Budget Actual Results polnts Jobs 158 eBook Revenue S 38,950 Print Expenses References Technician wages 7,850 Mobile lab operating 9,390 expenses Office expenses 2,850 Advertising expenses 1,650 Insurance 2,860 Miscellaneous expenses 425 Total expense 25,025 Net opera S 13,925 ome Mc 6 of 6