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 Fixed Component per Month Variable Component per Job $ 279 Actual Total for February $ 33,520 Technician wages $ 8,500 $ 8,350 Mobile lab operating expenses $ 4,600 $ 31 $ 8,470 Office expenses $ 2,300 $ 3 $ 2,540 Advertising expenses $ 1,550 $ 1,620 Insurance $ 2,860 Miscellaneous expenses $ 930 $ 2 $ 2,860 $ 495 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $31 per job, and the actual mobile lab operating expenses for February were $8,470. The company expected to work 130 jobs in February, but actually worked 134 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 134 $ 33,520 Expenses: Technician wages 8,350 Mobile lab operating expenses 8,470 Office expenses 2,540 Advertising expenses 1,620 Insurance 2,860 Miscellaneous expenses Total expense Net operating income 495 24,335 $ 9,185 Flexible Planning Budget Budget