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 $ 279 $ 36,310 Technician wages $ 8,400 $3,250 Mobile la operating expenses $ 4,500 $31 office expenses 58,689 $ 2,800 $ 3,070 Advertising expenses 5 1,580 $1,650 Insurance $ 2,880 $ 2,880 Miscellaneous expenses 920 $ 505 The company uses the number of jobs as its measure of activity. For example, mobile la operating expenses should be $4,500 plus $31 per job and the actual mobile lob operating expenses for February were $8,680. The company expected to work 140 jobs in February, but actually worked 148 jobs Required: Prepare a flexible budget performance report showing A 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 (ie, zero variance). Input all amounts os positive values.) 1 AirQual Text Corporation Flexible Budget Performance Report For the Month Ended February 28 Actuel Revenue and Flexible Results Spending Variances Budget 148 Activity Variances Planning Budget Jobs Revenue $36,310 None 8.250 8,680 U F Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income F None U None None 3,070 1.650 2.880 505 25,035 5 11 275 U U IF U