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 $278 Revenue Technician wagen Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses $ 35 $ $0,100 $ 4,000 $2,200 $ 1,590 $ 2,850 $ 920 for February $ 30,610 $ 7,950 $8,840 $ 2,410 $ 1,660 $ 2,850 $ 345 The company uses the number of jobs as its measure of activity, For example, mobile lab operating expenses should be $4,800 plus $35 per job, and the actual mobile lab operating expenses for February were $8,840. The company expected to work 120 jobs in February, but actually worked 124 Jobs. Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity varlances 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 Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget Jobs 124 $ 30,610 U Revenue Expenses Technician wages 7.950 None 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 (1.e., zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Revenue and Flexible Results Spending Variances Budget Activity Variances Planning Budget Jobs 124 $ 30,610 7.950 None 8.340 U Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 2.410 1,660 2.850 345 24,055 6.555 U None None U None $ U F