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 $ 8,100 $ 4.500 $ 2,60 $1,580 52,860 $ 970 Variable Actual Total Component per Job for February $ 279 $ 36, 310 $ 7,95e $ 32 $ 9,120 $4 $3,010 51,650 $ 2,860 $ 415 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4.800 plus $32 per job, and the actual mobile lab operating expenses for February were 59.120 The company expected to work 140 jobs in February, but actually worked 146 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 (ie, zero variance). Input all amounts as positive values.) effect (.e., zero variance). Input all amounts as positive values.) AlrOual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Revenue and Actual Results Spending Variances Flexible Budget Activity Variances Planning Budget Jobs 146 $ 36,310 7,950 Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses 9,120 3,010 1,650 Insurance 2.860 Miscellaneous expenses 415 Total expense 25,005 Net operating income $ 11,305