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 $ 276 Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses $ 34 $ 3 $ 8,100 $ 4,800 $ 2,700 $1,610 $ 2,890 $ 950 Actual Total for February $ 38,650 $ 7,950 $ 9,740 $ 3,000 $ 1,680 $ 2,890 $ 555 $ 2 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $34 per job, and the actual mobile lab operating expenses for February were $9,740. The company expected to work 150 jobs in February, but actually worked 154 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 na effect (i.e., zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget 154 Planning Budget Jobs Revenue U $ 38,650 Expenses Technician wages Mobila lah onarating 7.950 F Prev 1 of 3 !!! Next > AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget Planning Budget Jobs 154 Revenue U $ 38,650 7,950 F 9,740 F F Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income U None 3,000 1,680 2,890 555 25,815 $ 12,835 F F 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: Revenue Technician wages Mobile lab operating expenses ottice expenses Advertising expenses Insurance Miscellaneous expenses Variable Fixed Component Component per Actual Total per Month Job for February $ 276 $ 38,650 $ 8,100 $ 7,950 $ 4,800 $ 34 $ 9,740 $ 2,700 $ 3 $ 3,000 $1,610 $ 1,680 $ 2,890 $ 2,890 $ 950 $ 2 $ 555 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $34 per job, and the actual mobile lab operating expenses for February were $9.740. The company expected to work 150 jobs in February, but actually worked 154 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.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget 154 Planning Budget Jobs Revenue $ 38,650 U F F Expenses Technician wages Moble lab operating expenses 7,950 9,740 Prev 1 of 3 Next > The company uses the number of jobs as its measure of activity. For example, mobile la operating expenses should be $4,800 plus $34 per job, and the actual mobile lab operating expenses for February were $9,740. The company expected to work 150 jobs in February, but actually worked 154 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.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget 154 Planning Budget Jobs $ 38.650 F Ravenue Expenses Technician wages Mobilo lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 7.950 9,740 3,000 1.680 2.800 555 F U None F 25,815 $ 12.835 F U