Exercise 9-16 (Static) Flexible Budget Performance Report [LO9-1, LO9-2, LO9-3, LO9-4] AlQual Test Corporation provides on-site air quality testing services. The company has providet the following cost formulas and actual 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 $2,900 plus $35 perjob, and the actuol moblie lab operating expenses for February were $4,530. The company expected to work 50 jobs in February, but actually worked 52 jobs. Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and octivity variances for February. (Indicate the effect of each varlance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (Le., zero variance). Input all amounts as positive values.) 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, "Ll" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)