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 par Month Variable Component per Revenue Technician wages Office expenses Job $278 Actual Total for February $30,610 Mobile lab operating expenses $8,500 $5,000 $8,350 Advertising expenses $ 2,700 $1,610. Insurance Miscellaneous expenses $2,850 $ 960 $8,800 $ 2,910 $ 1,680 $ 2,850 $ 505 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $5,000 plus $33 per job, and the actual mobile lab operating expenses for February were $8,800. The company expected to work 120 jobs in February, but actually worked 128 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 (l.e., zero varlance). Input all amounts as positive values.) Airwal Test Corporation 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Endod February 28 Jobs Actual Results 128 Revenue Expenses: Technician wages $ 30,610 $ 35,584 U 8,350 Mobile lab operating 8,800 F expenses Office expenses 2,910 F Advertising expenses. 1,680 P Insurance 2,850 None Miscellaneous expenses 505 25,095 Total expense Net operating income $ 5,515 U Flexible Budget Planning Budget