Exercise 9-17 Flexible Budget Performance Report L09-1, 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: Variable Fixed Component Component per Actual Total for February $38,950 $7,950 $ 9,890 $2,950 $ 1,660 $2,850 $425 per Month Job $278 Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses $8,100 $ 4,800 2,500 1,590 $2,850 $ 970 $ 35 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $35 per job, and the actual mobile lab operating expenses for February were $9,890. The company expected to work 150 jobs in February, but actually worked 160 jobs. 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 Flexible Budget Planning Budget Actual Results 160 Jobs $38,950 Revenue Expenses Technician wages Mobile lab operating Office expenses Advertising expenses Insurance Miscellaneous expenses 7,950 9,890 2,950 1,660 2,850 425 expenses