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 Actual Total Fixed Component per Month Variable Component per Job for Fabruary 27500 8,050 7550 Rovers Technician Msbla lab cputing operant Office operate Advertising opere Incurun Miscellaneous open 2380 1.670 2,850 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $31 per job, and the actual mobile lab operating expenses for February were $7.950. The company expected to work 110 jobs in February, but actually worked 116 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 (.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 (.e., zero variance). Input all amounts as positive values.) Air Qual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget Planning Budget Jobs Revenue $ 27,6101 Expenses 8,050 Technician wages Mobile lab operating expenses Office expenses 7,950 Advertising expenses 2,380 1.670 2,860 455 Insurance Miscellaneous expenses Total expense 23.365 Net operating income $ 4,245