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 Variable Fixed Component Component per Actual Total per Month Job for February $ 276 $30,370 $ 8,100 $ 4,700 $ 32 $ 8,380 $ 2,800 $ 3 $ 3,010 $ 1,560 $ 1,630 $ 2,850 $ 2,850 $ 940 $ 1 $ 365 Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses $ 7,950 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $32 per job, and the actual mobile lab operating expenses for February were $8,380. The company expected to work 120 jobs in February, but actually worked 124jobs. 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 (.e., zero variance). Input all amounts as positive values.) Air Qual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget Jobs 124 Revenue $ 30,370 7,950 Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses 8,380 3,010 1,630 Insurance 2,850 365 Miscellaneous expenses Total expense Net operating income 24,185 $ 6,185