AirQual 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 Variable Component por Job $ 279 Revenue Technician wagon Mobila la operating expenses office expenses Advertising oxpenses Insurance Miscellaneous expenses Actual Total for February $ 30,730 $ 3,150 50, 820 $ 3,010 5 1,670 $ 2,900 $ 385 $ 8,300 $ 4,900 $ 2,800 $ 1,600 $ 2,900 S 960 $ 34 $ 3 S1 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $34 per job, and the actual mobile lab operating expenses for February were $8,820. The company expected to work 120 Jobs in February, but actually worked 124 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.) Air Qual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget Jobs 124 Required: Prepare a flexible budget performance report showing Al 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 Results Flexible Budget Planning Budget Jobs 124 $ 30,730 Revenue Expenses Technician wigs Mobilo la operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Not operating income 8,150 8,820 3,010 1,670 2,900 385 24,935 $ 5,795