AirQual Test Corporation provides on-site air quality testing services. The company provided the following cost formulas and actual results for the month of February: Revenue Fixed Component per Month Variable Component per Job $ 278 Actual Total for February $ 33,390 $ 7,850 Technician wages $ 8,000 Mobile lab operating expenses $ 5,000 $ 33 $ 9,130 Office expenses $ 2,700 $ 3 $ 2,940 Advertising expenses $ Insurance 1,560 $ 2,860 $ 1,630 $ 2,860 Miscellaneous expenses $ 960 $ 1 $ 395 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $5,000 plus $33 per job, and the actual mobile lab operating expenses for February were $9,130. The company expected to work 130 jobs in February but actually worked 132 jobs. Required: Prepare a flexible budget performance report for February. Note: 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 Jobs Actual Results 132 $ 33,390 Revenue Expenses: Technician wages 7,850 Mobile lab operating expenses 9,130 Office expenses 2,940 Advertising expenses 1,630 Insurance 2,860 Miscellaneous expenses 395 Total expenses 24,805 Net operating income $ 8,585 Flexible Planning Budget Budget