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Please form a flexible budget performance report AirQual Test Corporation provides on-site air quality testing services- The company has provided the following cost formulas and
Please form a flexible budget performance report
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: FixemCOhipOnen Revenue Technician wages Mobile lab operating expenses Office -expenses Advertising expenses Insurance Miscellaneous expenses $ 279 $ 3,200 $ 4,600 $ 2,700 $ 1,560 $ 950 $ 30,730 $ 8,050 $, 8,040 $ 2,910 $ ! 1,630 $ 2,860 375 The company uses the number of jobs as its measure of activity, For eqample, mobile lab operating expensesshould be $4,600 plus $30 per job, and the actual mobile lab operating expensesforFebruary Were $8,040, The company expected to work 120 jobs in February, but actually worked 126jobs. Required: Prepare a flexible budget performance report showing AirQ al Test Cotporation's revenue and spending variances and activity variances for February. (Indicate the effect of each variance by selecting "F" for favorable, "I-I" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
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