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 Fixed Component per Month Variable Component per Job $ 276 Actual Total for February $ 35,890 Technician wages $ 8,100 $ 7,950 Mobile lab operating expenses $ 4,900 $ 34 $ 9,500 Office expenses $ 2,400 $ 2 $ 2,530 Advertising expenses $1,550 $ 1,620 Insurance $ 2,850 $ 2,850 Miscellaneous expenses $ 920 $ 2 $ 505 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $34 per job, and the actual mobile lab operating expenses for February were $9,500. 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 Jobs Revenue Expenses Technician wanes Actual Results 146 $ 35,890 7950 Flexible Planning Budget Budget