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: Revenue Technician wages Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Variable Fixed Component Component per per Month Job $ 277 $ 8,500 $ 4,500 $ 33 $ 2,300 $ 4 $ 1,610 $ 2,900 $ 950 1 Actual Total for February $ 27, 720 $ 8,350 $ 7,970 $ 2,590 $1,680 $ 2,900 $ 365 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,500 plus $33 per job, and the actual mobile lab operating expenses for February were $7,970. The company expected to work 110 jobs in February, but actually worked 112 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 nc effect (i.e., zero variance). Input all amounts as positive values.) Alruni Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget Planning Budget Jobs 112 $ 27,720 Reverse Expenses Technician wages Mobile lab operating expenses Qian 8,350 7,970 2 500 vct Insurance Miscellaneous expenses OLU $ 2,900 $ 950 1.900 $ 2,900 $ 365 $ 1 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,500 plus $33 per job, and the actual mobile lab operating expenses for February were $7,970. The company expected to work 110 jobs in February, but actually worked 112 jobs. Required: Prepare a flexible budget performance report showing AlrQual 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.) AlrQual Test Corporation Flexible Budget Performance Report For the Month Endod February 28 Actual Results Flexible Budget Planning Budget Jobs 112 $ 27.720 8,350 Revenue Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance 7,970 2,590 1.680 2.900 365 Miscellaneous expenses Total expense Not operating income 23,855 3,865 $