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 Revenue Job $ 276 for February $ 30,370 Technician wages $ 8,500 $ 8,350 Mobile lab operating expenses $ 4,700 $ 32 $ 8,380 Office expenses $ 2,200 $ 4 $ 2,530 Advertising expenses Insurance $ 1,600 $ 2,900 $ 1,670 $ 2,900 Miscellaneous expenses $ 960 $ 1 $ 385 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $32 per job, and the actual mobile lab operating expenses for February were $8,380. The company expected to work 120 jobs in February, but actually worked 124 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 Actual Results 124 $ 30,370 Revenue Expenses: Technician wages 8,350 Mobile lab operating expenses 8,380 Office expenses 2,530 Advertising expenses 1,670 Insurance 2,900 Miscellaneous expenses Total expense Net operating income 385 24,215 $ 6,155 Flexible Planning Budget Budget