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Fixed Variable Actual Component Component Total for per month per Job February Revenue $277 $ 24,950 Technician wages $8,400 $ 8,250 Mobile lab operating expenses $4.900 S 29 $ 7,960 Office expenses $ 2,300 $ 2,350 Advertising expenses $ 1,590 $ 1,660 Insurance $2.860 s 2,860 Miscellaneous expenses $980 $ 2 $ 485 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $29 per job, and the actual mobile lab operating expenses for February were $7,960. The company expected to work 100 jobs in February, but actually worked 90 jobs. Required: Complete the flexible budget performance report showing Air Qual 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.) AirQual Test Corporation Flexible Budget Performance Report For the Month ended February 28 Revenue and Spending variances Activity Variances O Revenue Expenses Technician wages N O Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income O I D D I D

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