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 Variable Component Component per Actual Total per Month Revenue Job $ 278 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 Insurance $ 1,570 $ 2,870 $ 1,640 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. AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Jobs Actual Results 128 $ 30,610 Revenue Expenses: Technician wages 8,450 Mobile lab operating expenses 8,460 Office expenses 3,010 Advertising expenses 1,640 Insurance 2,870 Miscellaneous expenses 405 Total expense 24,835 Net operating income $ 5,775 Flexible Planning Budget Budget