AirQual Test Corporation provides onsite air quality testing services. The company has provided the following cost formulas and actual results for the month of February:
tableRevenuetableFixed Componentper MonthtableVariableComponent per JobtableActual Totalfor February$$Technician wages,$$Mobile lab operating expenses,$$$Office expenses,$$$Advertising expenses,$$Insurance$$Miscellaneous expenses,$$$
The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $ plus $ per job, and the actual mobile lab operating expenses for February were $ The company expected to work jobs in February, but actually worked 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 ie zero variance Input all amounts as positive values.
