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 Component per Month Revenue Variable Component per Job $ 278 Actual Total for February $ 38,950 Technician wages $ 8,200 $ 8,050 Mobile lab operating expenses $ 4,600 $ 34 $ 9,540 Office expenses $ 2,600 $ 2 $ 2,750 Advertising expenses $ 1,620 $ 1,690 Insurance Miscellaneous expenses $ 2,860 $ $ 2,860 930 2 $ 535 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $34 per job, and the actual mobile lab operating expenses for February were $9,540. The company expected to work 150 jobs in February, but actually worked 158 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 158 $ 38,950 Expenses: Technician wages 8,050 Mobile lab operating 9,540 expenses Office expenses 2,750 Advertising expenses 1,690 Insurance 2,860 Miscellaneous expenses 535 Total expense 25,425 Net operating income $ 13,525 Flexible Planning Budget Budget