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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 provided the following

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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 provided the following cost formulas and actua 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 $5.000 plus $35 per job, and the actual mobile lab operating expenses for February were $8,690. The company expected to werk 110 jobs in February but actually worked 112 jobs. Required: Prepare a fiexoble budget performance report for February. Note: indicale the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (li.e, rero variance), Input all amounts as positive values. The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $5,000 plus $35 per job, and the actual mobile lab operating expenses for February were $8,690. The company expected to work 110 jobs in February but actually worked 112 jobs. Required: Prepare a flexible budget performance report for February. Note: 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

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