flexable budget

Air Qual 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: Revenue Technician wages Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Variable Pixed component Component per retual Total per Month Job for February $ 276 $ 30,370 $ 8,000 $ 7,850 $ 4,900 $ 33 $ 8,700 $ 2,500 $ 3 $ 2,710 $ 1,560 $ 1,630 $ 2,860 $ 2,860 $ 940 $ 1 $ 365 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $33 per job, and the actual mobile lab operating expenses for February were $8,700. The company expected to work 120 jobs in February, but actually worked 128 jobs, 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 (ie, zero variance). Input all amounts as positive values.) AirQual Tost Corporation Flexible Budget Performance Report For the Month Ended February 28 Flexible Budget Actual Results Planning Budget Jobs 128 Revenue $ 30,370 + Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses 7,850 8,700 2,710 1,630 2,860 365 Total expense 24, 115 $ 6,255 Net operating income