CI Exercise 9-16 (Algo) Flexible Budget Performance Report (LO9-1, LO9-2, LO9-3, LO9-4) 2 ints 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 eBook Job Revenue Technician wages Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Variable Fixed Component Component per Actual Total per Month for February $ 278 $ 38,950 $8,300 $ 8,150 $ 4,800 5 34 $ 9,743 $ 2,400 52 $ 2,550 $1,500 $ 1,650 $ 2,880 $ 2,880 $ 920 $ 375 The company uses the number of jobs as its measure of activity For example, mobile tab operating expenses should be $4.800 plus $34 per job, and the actual mobile la operating expenses for February were $9,740. The company expected to work 150 jobs in February, but actually worked 158 jobs. Required: Prepare a flexible budget performance report showing AirGual 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.)