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 $ 276 $ 30,370 Technician wagen $ 8,000 $. 7,850 Mobile lab operating expenses $ 4,700 $ 33 $ 8,500 office expenses $ 2,400 $ 2 $ 2,490 Advertising expenses $ 1,580 $ 1,650 Insurance $ 2,870 $ 2,870 Miscellaneous expenses $ 960 5.2 5 505 The company uses the number of jobs as its measure of activity. For example, mobile tab operating expenses should be $4,700 plus $33 per job, and the actual mobile lab operating expenses for February were $8.500. The company expected to work 120 jobs in February, but actually worked 126 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 (ie, zero variance), Input all amounts as positive values.) The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $33 per job, and the actual mobile lab operating expenses for February were $8,500. The company expected to work 120 Jobs in February, but actually worked 126 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.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget Jobs 126 $ 30,370 Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous exponses Total expense Net operating income 7,850 8,500 2,490 1,650 2,870 505 23.865 $ 6,505