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Exercise 9-10 Flexible Budget Performance Report [LO4] Air Assurance Corporation provides on-site air quality testing services. The company has provided the following data concerning its

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Exercise 9-10 Flexible Budget Performance Report [LO4] Air Assurance Corporation provides on-site air quality testing services. The company has provided the following data concerning its operations: Fixed Component Component Actuals for per Month Variable March per Job $275$24,750 Revenue Technician wages $8,600 8,450 Mobile lab selling and administrative expenses 4,900 29 7,960 (5,216 fixed) 2,850 Office expenses 2,700 3 (2,556 fixed) 1,650 1,580 2,870 960 Advertising expenses Insurance 2,870 465 (269 fixed) Miscellaneous expenses 2 The company uses the number of jobs as its measure of activity. For example, mobile lab selling and administrative expenses should be $4,900 plus $29 per job, and the actual mobile lab operating expenses for March were $7,960. The company expected to work 100 jobs in March, but actually worked 98 job:s Required: Prepare a comprehensive performance report for March. Assume that the static budget for March wa:s based on an activity level of 100 jobs. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)

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