5 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: 20 points Fixed Component per Month Variable Component per Job $ 279 eBook Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Actual Total for February $ 33,520 $ 7,850 $ 8, 340 $ 2,970 $ 1,630 $ 2,880 $ 365 $ 8,000 $ 4,600 $ 2,600 $ 1,560 $ 2,880 $ 930 $ 30 $ 4 Print References $ 1 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $30 per job, and the actual mobile lab operating expenses for February were $8,340. The company expected to work 130 jobs in February, but actually worked 132 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.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Planning Actual Results Flexible Budget Budget Jobs 132 10 Check my work 5 effect (.e., zero variance). Input all amounts as positive values.) 20 points AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget Planning Budget eBook Print 132 $ 33,520 References Jobs Revenue Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 7,850 8,340 2,970 1,630 2,880 365 24.035 $ 9,485