AirQual Test Corporation provides on-site air quality testing services. The company has provided the following data concerning its operations: The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,500 plus $28 per job, and the actual mobile lab operating expenses for February were $7,740. Complete the flexible budget performance report showing AirQual Test Corporation Solution Prepare a table showing activity variances and revenue and spending variances: In flexible budget, expenses = fixed component + (Variable component * Number of jobs) .