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 for per Month Revenue Job $275 February $ 35,750 Technician wages $ 8,500 $ 8,350 Mobile lab operating expenses $ 4,700 $31 $ 8,880 Office expenses $2,700 $3 $ 2,970 Advertising expenses Insurance $ 1,560 $ 2,880 $ 1,630 Miscellaneous expenses $930 $1 $ 2,880 $375 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $31 per job, and the actual mobile lab operating expenses for February were $8,880. The company expected to work 140 jobs in February, but actually worked 150 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 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 Revenue Actual Results 150 $ 35,750 Expenses: Technician wages 8,350 Mobile lab operating expenses 8,880 Office expenses 2,970 Advertising expenses 1,630 Insurance 2,880 Miscellaneous expenses Total expense Net operating income 375 25,085 $ 10,665 Flexible Budget Planning Budget