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 per Job $ 276 Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Actual Total for February $ 35, 890 $ 8, 150 $ 9,060 $ 2,670 $ 1,670 $ 2,870 $ 425 $ 8,300 $ 4,600 $ 2,400 $ 1,600 $ 2,870 $ 980 $ 33 $ 3 $ 1 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $33 per job, and the actual mobile lab operating expenses for February were $9,060. The company expected to work 140 jobs in February, but actually worked 144 jobs. Required: Prepare a flexible budget performance report showing AirQual 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 (.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 AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget Jobs 144 Revenue $ 35,890 Expenses: Technician wages 8,150 Mobile lab operating expenses 9,060 Office expenses 2,670 1,670 Advertising expenses Insurance 2,870 Miscellaneous expenses 425 Total expense 24,845 Net operating income $ 11,045