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Exercise 9-17 Flexible Budget Performance Report [Lo9-1, Lo9-2, Lo9-3, Lo9-4) AirQual Test Cor actual results for the month of February poration provides on-site air quality

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Exercise 9-17 Flexible Budget Performance Report [Lo9-1, Lo9-2, Lo9-3, Lo9-4) AirQual Test Cor actual results for the month of February poration provides on-site air quality testing services. The company has provided the following cost formulas and Variable Total for nt $38, 650 7,850 s 9,140 s 2,850 1, 640 $ 2,870 S575 S 276 ician wages $ 8,000 Mobile lab operating expenses S 32 $ 4,500 s 2,700 $ 1,570 2,870 $ 970 Advertising expenses Miscellaneous expenses The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,500 plus $32 per job, and the actual mobile lab operating expenses for February were $9,140. The company expected to work 150 jobs in February, but actually worked 158 jobs. Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending jariances and activity variances for February (Indicate the effect of each veriance by selecting F" for favorable. "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) 28 s 38,650

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