EXERCISE 9-18 Flexible Budget Performance Report [LO1, L04] AirAssurance Corporation provides on-site air quality testing services. The company has provided the following data concerning its operations: Revenue Technician wages Mobile lab operating expenses... Office expenses Advertising expenses Insurance... Miscellaneous expenses * Fixed Component per Month $8,600 $4,900 $2,700 $1,580 $2,870 $960 Variable Component per Job $275 $29 $3 $2 Actual Total for March $24,750 $8,450 $7,960 $2,850 $1,650 $2,870 $465 The company uses the number of jobs as its measure of activity. For example, mobile lab operat- ing expenses should be $4,900 plus $29 per job, and the actual mobile lab operating expenses for March were $7.960. The company expected to work 100 jobs in March, but actually worked 98 jobs. Required: Prepare a flexible budget performance report showing AirAssurance Corporation's activity vari- ances and revenue and spending variances for March.

EXERCISE 9-18 Flexible Budget Performance Report [L01, L04] AirAssurance Corporation provides on-site air quality testing services. The company has provided the following data concerning its operations: The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $29 per job, and the actual mobile lab operating expenses for March were 57,960 . The company expected to work 100 jobs in March, but actually worked 98 jobs. Required: Prepare a flexible budget performance report showing AirAssurance Corporation's activity variances and revenue and spending variances for March