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 Revenue Fixed Component per Month Variable Component per Job $278 Actual Total for February $ 27,830 3:45 Technician wages $ 8,300 $ 8,150 Mobile lab operating expenses $ 4,600 $ 33 $ 8,070 Office expenses $ 2,400 $4 $ 2,698 Advertising expenses $ 1,590 Insurance $2,870 $ 1,660, $2,870 Miscellaneous expenses $ 920 $1 $ 335 " The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $33 per job, and the actual mobile lab operating expenses for February were $8,070. The company expected to work 110 jobs in February but actually worked 120 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 (i.e., zero variance). Input all amounts as positive values. 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 (i.e., zero variance). Input all amounts as positive values. AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Jobs Actual Results 120 $ 27,830 Revenue Expenses: Technician wages 8,150 Mobile lab operating expenses 8,070 Office expenses 2,690 Advertising expenses 1,660 Insurance 2,870 Miscellaneous expenses Total expenses Net operating income 335 23,775 $ 4,055 Flexible Planning Budget Budget