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 Component per Month Revenue Variable Component per Job $ 278 Actual Total for February $ 30,610 Technician wages $ 8,600 $ 8,450 Mobile lab operating expenses $ 4,900 $ 31 $ 8,460 Office expenses $ 2,800 $ 3 $ 3,010 Advertising expenses $ 1,570 $ 1,640 Insurance $2,870 Miscellaneous expenses $ 980 $ 1 $ 2,870 $ 405 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $31 per job, and the actual mobile lab operating expenses for February were $8,460. The company expected to work 120 jobs in February, but actually worked 128 jobs. Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity variances for February. Note: 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. Jobs Revenue Answer is not complete. AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 128 $30,610 $ 4,974 U $ 35,584 $ 2,224 F $ 33,360 ( Expenses: Technician wages 8,450 150 F 8,600 None 8,600 Mobile lab operating expenses 8,460 408 F 8,868 248 U 8,620 Office expenses 3,010 174 F 3,184 24 U 3,160 Advertising expenses 1,640 70 U 1,570 None 1,570 Insurance 2,870 None 2,870 None 2,870 Miscellaneous expenses 405 703 F 1,108 8 U 1,100 Total expense 24,835 1,365 F 26,200 280 U 25,920 Net operating income $ 5,775 $ 3,609 U $ 9,384 $ 1,944 F $ 7,440