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: Revenue Variable Fixed Component Component per Actual Total: for February $35,890 per Month Job $276 Technician vages $8,400 $ 8,250 Mobile lab operating expenses $4,600 $ 30 $ 8,640 office expenses $2,200 $ 4 $ 2,610 Advertising expenses $1,560 Insurance $2,70 $ 1,630 $2,870 Miscellaneous expenses $ 940 $ 385 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $30 per job, and the actual mobile lab operating expenses for February were $8,640. The company expected to work 140 jobs in February, but actually worked 144 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 Jobs For the Month Ended February 28 Actual Results Flexible Budget Planning Budget 144 Revenue $ 35,890 Expenses Technician wages 8,250 Mobile lab operating expenses 8,640 Office expenses 2.610 Advertising expenses 1,630 Insurance 2.870 Miscellaneous expenses 385 Total expense 24,385 Net operating income $ 11,505