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 $ 280 for February $ 30,850 Technician wages $ 8,500 $ 8,350 Mobile lab operating expenses $ 4,500 $ 34 $ 8,420 Office expenses $ 2,400 $ 2 $ 2,490 Advertising expenses $ 1,620 $ 1,690 Insurance $ 2,890 Miscellaneous expenses $ 950 $ 1 $ 2,890 $ 375 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,500 plus $34 per job, and the actual mobile lab operating expenses for February were $8,420. 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. (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 128 $ 30,850 Expenses: Technician wages 8,350 Mobile lab operating expenses 8,420 Office expenses 2,490 Advertising expenses 1,690 Insurance 2,890 Miscellaneous expenses Total expense Net operating income 375 24,215 $ 6,635 Flexible Planning Budget Budget