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Can you please show what calculations you make and/or where you pull information from? Thanks! AirQual Test Corporation provides on-site air quality testing services. The

Can you please show what calculations you make and/or where you pull information from? Thanks!image text in transcribedimage text in transcribed

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: Actual Total Fixed Component Variable Component per Job for February per Month $279 $36,310 $8,150 $9,740 $ 2,870 $ Revenue $ 8,300 5,000 $2,600 1,560 $ 2,870 Technician wages Mobile lab operating expenses $ 35 $ Office expenses 3 Advertising expenses 1,630 $ 2,870 $ Insurance Miscellaneous expenses $ 545 960 2 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $5,000 plus $35 per job, and the actual mobile lab operating expenses for February were $9,740. The company expected to work 140 jobs in February, but actually worked 144 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 Flexible Actual Planning Budget Results Budget Jobs 144 Revenue $36,310 Expenses Technician wages 8,150 Mobile lab operating expenses 9,740 Office expenses 2,870 Advertising expenses 1,630 2,870 Insurance Miscellaneous expenses 545 Total expense 25,805 Net operating income 10,505

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