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 Variable Component Component per Actual Total per Month Job for February Revenue $276 $ 33,130 Technician wages $ 8,300 $ 8,150 Mobile lab operating expenses $ 4,900 $ 34 $ 9,160 office expenses $ 2,700 $3 $ 2,940 Advertising expenses $1,560 $1,630 Insurance $2,870 $2,870 Miscellaneous expenses $930 $ 2 $495 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 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 (l.e., zero variance). Input all amounts as positive values.) AirQuel Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Jobs Revenue 134 $ 33,130 Expenses: Technician wages 8,150 Mobile lab operating expenses 9,160 Office expenses 2,940 Advertising expenses 1,630 Insurance Miscellaneous expenses Total expense Net operating Income 2,870 495 25,245 $ 7,885 Flexible Budget Planning Budget