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 Revenue Technician wages Office expenses Variable Component per Job $280 Actual Total for February $33,650 $ 8,200 $ 8,050 Mobile lab operating expenses $ 4,500 $2,400 $ 32 $ 8,500 $ 3 $ 2,640 Advertising expenses $1,610 $ 1,680 Insurance $2,870 $2,870 Miscellaneous expenses $ 960 $ 525 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,500 plus $32 per job, and the actual mobile lab operating expenses for February were $8,500. The company expected to work 130 jobs in February, but actually worked 134 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.) 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 Jobs For the Month Ended February 28 Actual Flexible Planning Results Budget Budget 134 Revenue $ 33,650 Expenses: Technician wages 8,050 Mobile lab operating 8,500 expenses Office expenses 2,640 Advertising expenses 1,680 Insurance 2,870 Miscellaneous expenses 525 Total expense 24,265 Net operating income $9.385