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 $ 279 Actual Total for February $ 30,730 $ 8,400 $ 8,250 Mobile lab operating expenses $ 4,800 $ 33 $ 8,600 $ 2,700 4 $ 3,030 Advertising expenses $ 1,580 1,650 Insurance $ 2,860 $ 2,860 Miscellaneous expenses $ 930 1 $ 355 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $33 per job, and the actual mobile lab operating expenses for February were $8,600. 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 (i.e., zero variance). Input all amounts as positive values.) AirQual Test Corporation Jobs Revenue. Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Planning Budget Budget 128 $ 30,730 Expenses: Technician wages 8,250 Mobile lab operating expenses 8,600 Office expenses 3,030 Advertising expenses 1,650 Insurance 2,860 Miscellaneous expenses 355 Total expense 24,745 Net operating income $ 5,985