Response to the following problem:
AirAssurance Corporation provides on-site air quality testing services. The company has provided the following data concerning its operations:
Fixed Component per Month Variable Component per job Actual Total for March
Revenue $275 $24,750
Technician wages $8,600 $8,450
Mobile lab operating expenses $4,900 $29 $7,960
Office expenses $2,700 $3 $2,850
Advertising expenses $1,580 $1,650
Insurance $2,870 $2,870
Miscellaneous expenses $960 $2 $465
The company uses the number of jobs as it measures of activity. For example, mobile lab operating expenses should be $4,900 plus $29 per job, and the actual mobile lab operating expenses for March were $7,960.
The company expected to work 100 jobs in March, but actually worked 98 jobs.
Prepare a flexible budget performance report showing AirAssurance Corporation's activity variances and revenue and spending variances for March.
Explain the answer.