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Exerclse 9-16 (Algo) Flexlble Budget Performance Report [LO9-1, LO9-2, LO9-3, L09.4] AirQual Test Corporation provides on-site alr quality testing services. The company has provided the
Exerclse 9-16 (Algo) Flexlble Budget Performance Report [LO9-1, LO9-2, LO9-3, L09.4] AirQual Test Corporation provides on-site alr quality testing services. The company has provided the following cost formulas and actual results for the month of February: The company uses the number of jobs as its measure of activity. For example, moblle lab operating expenses should be $4,700 plus $31 per job, and the actual moblle lab operating expenses for February were $7,950. The company expected to work 110 jobs in February, but actually worked 116 jobs. Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending varlances and actlivity varlances for February. (Indicate the effect of each varlance by selectling "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positive values.)
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