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		$360	$18,950
Technician wages	$6,400		$6,450
Mobile lab operating expenses	$2,900	$35	$4,530
Office expenses	$2,600	$2	$3,050
Advertising expenses	$970		$995
Insurance	$ 1,680		$1,680
Miscellaneous expenses	$500	$3	$465

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $2,900 plus $35 per job, and the actual mobile lab operating expenses for February were $4,530. The company expected to work 50 jobs in February, but actually worked 52 jobs.

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Required:

Using Exhibit 9-8 as your guide, prepare a flexible budget performance report showing AirQual Test Corporations revenue and spending variances and activity variances for February.