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 Variable Component per Job Revenue $277 Actual Total for February $38,800 Technician wages $ 8,300 $ 8,150 Mobile lab operating expenses $ 4,500 $ 30 $ 8,840 office expenses $2,500 $ 3 $ 2,800 Advertising expenses $1,610 $ 1,680 Insurance $2,880 $ 2,880 Miscellaneous expenses $ 950 $ 2 $ 555 The company uses the number of jobs as its measure of activity. For example, mobile lab dperating expenses should be $4,500 plus $30 per job, and the actual mobile lab operating expenses for February were $8,840. 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.) 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 $ 38,800 Expenses: Technician wages 8,150 Mobile lab operating 8.840 expenses Office expenses 2.800 Advertising expenses 1,680 Insurance 2.880 Miscellaneous expenses 555 Total expense 24,905 Net operating income $ 13,895 Flexible Planning Budget Budget