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: Fixed Component per Month: Variable Component per Job Revenue $ 278 Actual Total for February $ 33,390 Technician wages $ 8,000 $ 7,850 Mobile lab operating expenses $ 5,000 $ 33 Office expenses $2,700 $ 3 $ 9,130 $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 (ie., zero variance). Input all amounts as positive values. AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Jobs 132 Revenue $ 33,390 Expenses: Technician wages 7.850 Mobile lab operating expenses 9,130 Office expenses 2,940 Advertising expenses 1,630 Insurance 2,860 395 Miscellaneous expenses Total expenses Net operating income 24,805 $ 8,585 Flexible Planning Budget Budget