Air Qual 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 Component Variable Actual Total per Month Component per Job for February Revenue $ 272 $.36,030 Technician wages $ 8,300 $ 8,150 Nobile lob operating expenses $4,700 $ 32 $9,020 Office expenses $ 2,200 $ 4 $ 2,610 Advertising expenses $ 1,560 $ 1,630 Insurance $ 2,890 $ 2,890 Miscellaneous expenses 970 $ 555 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4.700 plus 532 per job, and the actual mobile lab operating expenses for February were $9020. The company expected to work 140 jobs in February, but actually worked 142 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 "F" for favorable, "U" for unfavorable, and "None" for no effect (le zero variance), Input all amounts os positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget Planning Budget The company uses the number of jobs as its measure of activity. For example, mobile tab operating expenses should be $4,700 plus $32 per job, and the actual mobile lab operating expenses for February were $9,020. The company expected to work 140 jobs in February, but actually worked 142 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 (l.e., zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget Planning Budget Jobs 142 $ 35,030 8,150 9,020 Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insuranco Miscellaneous expenses Total expense Net operating income 2,610 1,630 2.890 555 24,855 $ 11,175