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Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (I.e., zero variance). Input

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Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance). Input all amounts as positive values. AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Jobs Actual Results 116 $ 27,940 Revenue Expenses: Technician wages 8,150 Mobile lab operating expenses 7,960 Office expenses 2,980 Advertising expenses 1,690 Insurance 2,890 Miscellaneous expenses 455 Total expenses Net operating income 24,125 $ 3,815 Flexible Budget Planning Budget Screen capture now Screenshot taken Show in folder Copied to clipboard Revenue Fixed Component per Month Variable Component per Job $ 279 Actual Total for February $ 27,940 $ 8,150 Technician wages $ 8,300 Mobile lab operating expenses $ 4,600 $ 32 $ 7,960 office expenses $ 2,800 $ 3 $ 2,980 Advertising expenses $ 1,620 $ 1,690 Insurance $ 2,890 Miscellaneous expenses $ 930 $ 2 $ 2,890 $ 455 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $32 per job, and the actual mobile lab operating expenses for February were $7,960. The company expected to work 110 jobs in February but actually worked 116 jobs. Required: Prepare a flexible budget performance report for February. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values. AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Jobs Revenue Expenses: Technician wages Actual Results 116 $ 27,940 8.150 Flexible Budget Planning Budget

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