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 $ 276 $ 35,890

Technician wages $ 8,300 $ 8,150

Mobile lab operating expenses $ 4,500 $ 34 $ 9,100

Office expenses $ 2,700 $ 3 $ 2,970

Advertising expenses $ 1,590 $ 1,660

Insurance $ 2,870 $ 2,870

Miscellaneous expenses $ 970 $ 2

McGraw-Hill Connect X Chapter 9 Homework X C Solved: AirQual Test Corporatic X C a newconnect.mheducation.com/flow/connect.html Chapter 9 Homework i Saved Help Save & Exit Submit Check my work 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: 8.33 Variable points Fixed Component Component per Job Actual Total per Month for February Revenue $ 276 $ 35, 890 Technician wages $ 8, 30 8 , 15 Mobile lab operating expenses $ 4, 50 $ 34 eBook Office expenses $ 2, 700 S 3 $ 9, 10 2,970 Advertising expenses $ 1, 590 $ 1, 660 Insurance $ 2, 870 2, 87 Miscellaneous expenses S $ 2 S 555 Print The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,500 plus $34 per job, and the actual mobile lab operating expenses for February were $9,100. The company expected to work 140 jobs in References February, but actually worked 146 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 Planning Results Budget Budget Jobs 146 Revenue $ 35,890 $ 35,890 Expenses: Technician wages 8,150 Mobile lab operating expenses 9,100 Office expenses 2,970 Advertising expenses 1,660 Insurance 2,870 Miscellaneous expenses 555 Total expense 25,305 Net operating income $ 10,585 Graw Hill