nabled: Test 2 Statistics for Bus Chegg Get 24/7- MindTap-Cange WeyPLUS Saved Help Save & Salt AirQual 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: Variable Fixed Component Component per per Month $8,500 Jab $278 33 Actual Total for February $30,610 $8,350 $8,800 Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expensen $5,000 $2,700 $1,610 $2.850 $ 960 $2,910 $1,600 $2,850 $ 505 The company uses the number of Jobs as its measure of activity. For example, mobile lab operating expenses should be $5,000 plus $33 per job, and the actual mobile lab operating expenses for February were $8,800. 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values.) Jobs Revenue AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results 128 $ 30,610 Expenses: Technician wages 8,350 Mobile lab operating 8,800 expenses Office expenses 2,910 Advertising expenses 1,680 Insurance 2,850 Miscellaneous expenses 505 25,095 Total expense Net operating income $ 5,515 Flexible Budget Planning Budget Drav 1 of 7 Next >