Air Assurance Corporation provides on-site air quality testing services. The company has provided the following data concerning its operations: Fixed Variable Component Component Actuals for per Month per Job March Revenue 275 $24,750 Technician wages $ 8,600 8,450 Mobile lab selling and administrative 4,900 29 expenses 7,960 (5,216 fixed) Office expenses 2,700 3 2,850 (2,556 fixed) Advertising expenses 1,580 1,650 Insurance 2,870 2,870 Miscellaneous expenses 960 2 465 (269 fixed)The company uses the number ofjobs as its measure of activity. For example, mobile lab selling and administrative 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. Required: Prepare a comprehensive performance report for March. Assume that the static budget for March was based on an activity level of 100 jobs. (Indicate the effect of each variance by selecting "F\" for favorable, "U" for unfavorable, and "None"I for no effect (i.e., zero variance). AIR ASSURANCEORPORATION Comprehensive Performance Report For the Month Ended March 31 Flexible Flexible Sales Static Actual Budget Volume Budget Variance Budget Variance Jobs 98 98 100 Variable Expenses: Total variable expenses Less fixed expenses