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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 qualify testing services. The compony has provided the

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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 qualify testing services. The compony has provided the following cost formulas and actual resuls for the month of February: The compony uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $5,000 plus $33 per job, and the actual mobile lab operating expenses for February were $9,460, The company expected to work 140 jobs in Fobruary, but actuoly worked 142 jobs. Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity varances for February. (Indicate the effect of each variance by selecting " F " for favorable, "U" for unfavorable, and "None" for no effect (Le., zero variance). Input all amounts as positive values.) 5

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