Exercise 9-17 Flexible Budget Performance Report (LO9-1, LO9-2, LO9-3, LO9-4) AlrQual 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 bruary Fixed Component Variable Actual Total per Month Component per Job For February 222 Revenue $33,260 Technion was $ 7.95 Mobillab operating expe $ 2.94 off yte expenses 1. 6 Apertising expenses Insurance Miscellaneous expenses $ 8.478 525 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $31 per job, and the actual mobile lab operating expenses for February were $8,470. The company expected to work 130 jobs in February, but actually worked 158 JODS 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. "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus 531 per job, and the actual mobile lab operating expenses for February were $8,470. The company expected to work 130 jobs in February, but actually worked 138 Jobs Required: Prepare a flekible 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.ex zero variance), Input all amounts as positive values.) Air Qual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Budget Results Planning Budget 333,200 Revenue Expenses Technician wages Moble lab operating expenses Oce expenses Advertising expenses 7.950 3.470 2.940 1.600 2.STO Insurance 1 M ans penses 925 Total 24,416 3.8451 Net operating $