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 per Month Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses $ 8,500 $ 4,700 $ 2,800 $ 1,570 $ 2,870 $ 930 Variable Actual Total Component per Job for February $ 279 $ 33,520 $ 8,350 $ 30 $ 8,440 $ 4 $ 3,170 $ 1,640 $ 2,870 $ 2 $ 495 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $30 per job, and the actual mobile lab operating expenses for February were $8,440. The company expected to work 130 jobs in February, but actually worked 138 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 (i.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 138 Planning Budget Jobs Revenue $ 33,520 8.350 Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses 8,440 3,170 1.640 Insurance 2,870 Miscellaneous expenses 495 24,965 Total expense Net operating income $ 8,555