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 Technician wages office expenses Advertising expenses Variable Fixed Component Component per per Month $ 8,200 Actual Total for February $33,520 $ 8,050 Job $279 Mobile lab operating expenses $ 4,900 $ 34 $ 9,160 $ 2,700 $ 3 $ 2,940 $ 1,610 $ 1,680 Insurance Miscellaneous expenses $2,870 $ $ 2,870 930 1 $ 365 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $34 per job, and the actual mobile lab operating expenses for February were $9,160. 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.) Actual Results AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Flexible Planning Budget Budget Jobs Revenue Expenses: Technician wanes 136 $ 33,520 R0501 $34 per job, and the actual mobile lab operating expenses for February were $9,160. 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 Expenses: Technician wages Actual Results 136 $ 33,520 8,050 Mobile lab operating 9,160 expenses Office expenses 2,940 Advertising expenses 1,680 Insurance 2,870 Miscellaneous expenses 365 Total expense 25,065 Net operating income $ 8,455 Flexible Planning Budget Budget