Exercise 9-16 (Algo) Flexible Budget Performance Report (LO9-1, LO9-2, LO9-3, LO9-4] 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: Revenue Technician wages Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Fixed Component per Month $8,100 $ 4,800 Variable Component per Job $ 276 Actual Total for February $ 38,650 $7,950 $2,200 $ 31 $3 $ 9,290 $ 2,500 $ 1,590 $ 2,880 $940 $1,660 $2,880 $ 1 $ 395 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $31 per job, and the actual mobile lab operating expenses for February were $9,290. The company expected to work 150 jobs in February, but actually worked 152 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.) Jobs AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results 152 Revenue and Spending Variances: Flexible Budget Activity Variances Planning Budget Revenue Expenses Technician wanne $ 38,650 Then