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Saved He Exercise 9-16 (Algo) Flexible Budget Performance Report (L09-1, LO9-2, LO9-3, L09-4) AlrQual 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 expenson Advertising expenses Insurance Miscellaneous expenses Variable Fixed Component Component per per Month Job $ 200 $ 8,100 $ 4,700 $ 32 $ 2,400 $ 3 $1,610 $ 2,900 $ 960 Actual Total for February $ 36,450 $ 7.950 $ 9,020 $ 2,670 $ 1,680 $ 2,900 5 405 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $32 per job, and the actual mobile lab operating expenses for February were $9,020. The company expected to work 140 jobs in February, but actually worked 148 jobs. Required: Prepare a flexible budget performance report showing AirQual Tost 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 (.e., zero variance), Input all amounts as positive values.) AlrQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget Planning Budget 149 Jobs $36.450 Revenue JOOS purjoo. bruary, but actually worked 148 jobs. equired: epare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity riances for February (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" fo fect (.e., zero variance). Input all amounts as positive values.) AlrQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget Jobs 148 $ 36,450 7,950 9,020 Revenue Expenses Technician wages Mobile lab operating exponses Office expenses Advertising expenses Insurance Miscellaneous expenses 2.670 1,680 2,900 405 Total expense 24,625 $ 11,825 Net operating incomo