Exercise 9-16 (Algo) Flexible Budget Performance Report (L09-1, LO9-2, LO9-3, LO9-4) AirGunl 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 $ 275 $ 32 Revenue Technician wages Mobile Lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses $ 2,600 $ 4,700 $ 2,800 $ 1.590 $ 2,870 $ 970 Actual Total for February $ 35,750 $ 8,450 $ 9,628 $ 3, 210 $ 1,660 $ 2,870 $ 555 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4.700 plus $32 per job, and the actual mobile lab operating expenses for February were $9.020. 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None for no effect (.e., zero variance). Input all amounts as positive values.) Nad Ceportion Flexible Budget Performance Report For the Month Ended Fary 28 Results Flexible Budger Planning Budget Jobs 144 $35.750 8 450 9.020 Revenue Expenses Technician wages Mobile tab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total experie Notating income 3.210 1,660 2,870 555 25.705 $9.985 Prev 17 of 19 Next >