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 resulis 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 $30 per job, and the octual mobile lab operating expenses for February were $8,740. The company expected to work 130 jobs in February, but actually worked 138 jobs Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revonue and spending variances and activity varlances for February. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (L.e, zero variance). Input all amounts as positive values.)