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 Variable Component per per Month Job Actual Total for February Revenue $ 276 $ 33,130 Technician wages $ 8,100 $ 7,950 Mobile lab operating expenses $ 4,800 $ 32 $ 8,800 Office expenses $ 2,600 $ 4 $ 2,970 Advertising expenses $ 1,580 $ 1,650 Insurance Miscellaneous expenses $ 2,870 $ $ 2,870 950 $ 2 $ 515 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $32 per job, and the actual mobile lab operating expenses for February were $8,800. 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 Revenue $ 33,130 Expenses: Technician wages 7,950 Mobile lab operating 8,800 expenses Office expenses 2,970 Advertising expenses 1,650 Insurance 2,870 Miscellaneous expenses 515 Total expense 24,755 Net operating income $ 8,375 Flexible Budget Planning Budget