Air Qual Test Corporation provides on site air quality testing services. The company has provided the following cost formulas and achial results for the month of February Fixed Component per Month Bevenue Technician wages mobile la operating expenses office expenses Advertising expenses Insurance miscellaneous expenses $ 3.500 $.4,000 $ 2,300 $ 1.600 $ 2,850 $ 940 Variable Actual Total Component per Job for February $ 279 $ 96,310 55,350 $14 $9.400 $ $ 2,570 $1,670 $2,850 $ 525 The company uses the number of jobs as its measure of activity. For example, mobile tab operating expenses should be 54,800 plus $34 per job, and the actual mobile lab operating expenses for February were $9.400. The company expected to work 140 jobs in February, but actually worked 150 jobs. Required: Prepare a flexible budget performance report showing Air Qual Test Corporation's revenue and spending variances and activity variances for February (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effectie zero variance). Input all amounts os positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 23 Flexible Planning Budget Budget Actual Results Jobs 150 5 36 310 8350 9.400 Revenue Expos Technician wages Mobile operating expenses Orice poss Advertising expert Instance Miscelaneous EDES Total pe Net operating income 2.570 1570 2.350 525 $ 10,915