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Extracted text: 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 per Month Component per Job $ 275 Actual Total Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses $ 8,100 $ 4,900 $ 2,400 $ 1,560 $ 2,880 980 for February $ 35,750 $ 7,950 $ 9,220 $ 2,810 $ 1,630 $ 2,880 425 $ 32 4 Insurance Miscellaneous expenses The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $32 per job, and the actual mobile lab operating expenses for February were $9,220. The company expected to work 140 jobs in February, but actually worked 150 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 (i.e., zero variance). Input all amounts as positive values.) %24
Extracted text: 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 (i.e., zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Planning Budget Results Budget Jobs 150 Revenue $ 35,750 Expenses: Technician wages 7,950 Mobile lab operating 9,220 expenses Office expenses 2,810 Advertising expenses 1,630 Insurance 2,880 Miscellaneous expenses 425 Total expense 24,915 Net operating income $ 10,835