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 $ 8,600 $ 4,800 $ 2,700 $ 1,590 $ 2,870 $ 940 Variable Actual Total Component per Job for February $ 278 $ 33,390 $ 8,450 $ 30 $ 8,540 $ 2 $ 2,810 $ 1,660 $ 2,870 $ 2 $ 505 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $30 per job, and the actual mobile lab operating expenses for February were $8,540. 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 Planning Budget 130 Jobs 138 138 $ 33,390 Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses 8,450 8,540 2,810 1,660 2,870 505 24,835 8,555 Insurance Miscellaneous expenses Total expense Net operating income $