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 $ 278 Variable Component per Job Actual Total for February $ 30,610 Technician wages $ 8,300 $ 8,150 Mobile lab operating expenses $ 4,900 $ 35 $ 8,940 Office expenses $ 2,500 $ 3 $ 2,710 Advertising expenses $ 1,610 $ 1,680 Insurance $ 2,880 Miscellaneous expenses $ 940 $ 2 $ 2,880 $ 485 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $35 per job, and the actual mobile lab operating expenses for February were $8,940. The company expected to work 120 jobs in February, but actually worked 122 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. AirQual Test Corporation Flexible Budget Performance Report Jobs For the Month Ended February 28 Actual Results Flexible Planning Budget Budget 122 $ 30,610 Revenue Expenses: Technician wages 8,150 Mobile lab operating expenses 8,940 Office expenses 2,710 Advertising expenses 1,680 Insurance 2,880 Miscellaneous expenses Total expense Net operating income 485 24,845 $ 5,765