6 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: Fixed Variable Component Component per Actual Total 10 per Month points Revenue Job $ 360 for February $ 18,950 Technician wages $ 6,400 $ 6,450 Mobile lab operating expenses $ 2,900 $ 35 $ 4,530 Office expenses $ 2,600 $ 2 $ 3,050 Advertising expenses Insurance eBook $ 970 $ 1,680 $ 995 Miscellaneous expenses $ 500 $ 3 $ 1,680 $ 465 Print References The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $2,900 plus $35 per job, and the actual mobile lab operating expenses for February were $4,530. The company expected to work 50 jobs in February, but actually worked 52 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 Jobs Revenue Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 52 $ 18,950 Expenses: Technician wages 6,450 Mobile lab operating expenses 4,530 Office expenses 3,050 Advertising expenses 995 Insurance 1,680 Miscellaneous expenses 465 Total expense 17,170 Net operating income $ 1,780