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 Variable Component per Job $ 276 Revenue Technician wages Mobile Tab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Fixed Component Per Month $ 8,000 $ 4,700 $ 2,800 1,620 2,860 940 Actual Total for February $ 33,130 $ 7,850 8,960 3,170 1,690 2,860 375 $ 4 $ 1 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $34 per job, and the actual mobile lab operating expenses for February were $8,960. The company expected to work 130 jobs in February, but actually worked 134 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.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 134 134 Activity Variances Planning Budget 130 Jobs $ 33,130 7.850 F Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 8,960 3,170 1,690 2,860 None 375 F F 24,905 8,225 $