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 Job for February Revenue $279 $ 30,730 Technician wages $ 8,000 $ 7,850 Mobile lab operating expenses $ 4,800 $ 32 $ 8,480 office expenses $2,500 $ 2 $ 2,590 Advertising expenses $1,610 $1,680 Insurance Miscellaneous expenses $ 2,900 $ 950 $ 2,900 $2 $495 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $32 per job, and the actual mobile lab operating expenses for February were $8,480. 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 Actual Results Revenue and Spending Variances i Flexible Budget Activity Variances Planning Budget