Exercise 9-17 Flexible Budget Performance Report [LO9-1, LO9-2, LO9-3, L09-4] 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 per Month Job $276 Revenue Technieian wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses $8,300 S4,600 2,300 1,560 $2,880 $ 970 for February S30,370 $ 8,150 $ 8,520 2,630 1,630 2,880 $ 395 34 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $34 per job, and the actual mobile lab operating expenses for February were $8,520. The company expected to work 120 jobs in February, but actually worked 124 jobs. Requirec 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 Planning Actual Results Flexible Bu Bu Jobs 124 Revenue S 30,370 Expenses: Technician wages Mobile lab operating expenses Office expenses 8,150 8,520 2,630 1.630 2,880 395 24,205 S 6,165 Miscellaneous expenses Total expense Net operating income