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 $ 276 Actual Total for February $ 30,370 Technician wages $ 8,400 $ 8,250 Mobile lab operating expenses $ 4,800 $ 32 $ 8,480 Office expenses $ 2,400 $ 2 $ 2,490 Advertising expenses $ 1,570 $ 1,640 Insurance $ 2,890 Miscellaneous expenses $ 920 $ 2 $ 2,890 $ 465 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $32 per job, and the actual mobile lab operating expenses for February were $8,480. 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.) Jobs AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results 124 $ 30,370 Revenue Expenses: Technician wages 8,250 Mobile lab operating expenses 8,480 Office expenses 2,490 Advertising expenses 1,640 Insurance 2,890 Miscellaneous expenses Total expense Net operating income 465 24,215 $ 6,155 Flexible Planning Budget Budget