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 Actual Total for February Variable Component Revenue per Job $ 276 $ 33,130 Technician wages $ 8,600 $ 8,450 Mobile lab operating expenses $ 4,900 $ 33 $ 9,030 Office expenses $ 2,600 $ 2 $ 2,710 Advertising expenses $ 1,570 $ 1,640 Insurance $ 2,880 Miscellaneous expenses $ 980 $ 2 $ 2,880 $ 545 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $33 per job, and the actual mobile lab operating expenses for February were $9,030. The company expected to work 130 jobs in February, but actually worked 136 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 Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 136 $ 33,130 Expenses: Technician wages 8,450 Mobile lab operating expenses 9,030 Office expenses 2,710 Advertising expenses 1,640 Insurance 2,880 Miscellaneous expenses 545 Total expense 25,255 Net operating income $ 7,875