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 Variable Actual Component Component Total for per Month per Job February Revenue $ 278 $ 30,610 Technician wages $ 8,300 $ 8,150 Mobile lab operating expenses $ 4,900 $ 33 $ 8,700 Office expenses $ 2,600 $ 4 $ 2,930 Advertising expenses $ 1,580 $ 1,650 Insurance $ 2,860 52,860 Miscellaneous expenses $ 970 $ 395 The company uses the number of jobs as its measure of activity. For example, mobile la operating expenses should be $4.900 plus $33 per job, and the actual mobile lab operating expenses for February were $8,700. The company expected to work 120 jobs in February, but actually worked 126 jobs. $.1 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.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Revenue and Flexible Results Spending Variances Budget Activity Variances Planning Budget Jobs 126 Revenue $ 30,610 Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 8,150 8,700 2.930 1,650 2,860 395 24,685 5,925 $