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 Actual Total for February $ 33,390 Revenue per Job $ 278 Technician wages $ 8,100 $ 7,950 Mobile lab operating expenses $ 4,700 $ 33 $ 8,830 Office expenses $ 2,600 $ 3 $ 2,840 Advertising expenses $ 1,570 $ 1,640 Insurance $ 2,860 Miscellaneous expenses $ 920 $ 2 $ 2,860 $ 485 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $33 per job, and the actual mobile lab operating expenses for February were $8,830. The company expected to work 130 jobs in February, but actually worked 132 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 132 $ 33,390 Revenue Expenses: Technician wages 7,950 Mobile lab operating expenses 8,830 Office expenses 2,840 Advertising expenses 1,640 Insurance 2,860 Miscellaneous expenses Total expense Net operating income 485 24,605 $ 8,785 Flexible Planning Budget Budget