Exercise $9-16($Algo$)$ Flexible Budget Performance Report $[$L$09-1,$ L$09-2,$ L$09-3,$ LO$9-4]$

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:

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be

$$4,800$ plus $$33$ per job, and the actual mobile lab operating expenses for February were $$9,260.$ The company expected

to work $140$ jobs in 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 $28$