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 Month per Job Actual Total for February $ 30,730 Revenue $ 279 Technician wages $ 8,400 $ 8,250 Mobile lab operating $ 4,900 $ 32 $ 8,580 expenses Office expenses $ 2,200 $ 3 $ 2,410 Advertising expenses $ 1,570 $ 1,640 Insurance $ 2,860 $ 2,860 Miscellaneous expenses $ 980 $ 2 $ 525 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $32 per job, and the actual mobile lab operating expenses for February were $8,580. The company expected to work 120 jobs in February, but actually worked 124 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 Flexible Budget Performance Report For the Month Ended February 28 Actual Revenue and Flexible Activity Variances Planning Results Spending Variances Budget Budget 124 124 120 $ 30,730 $ 33,480 Jobs Revenue Expenses: Technician wages 8,250 Mobile lab operating expenses 8.580 Office expenses 2,410 Advertising expenses 1,640 Insurance 2,860 Miscellaneous expenses Total expense Net operating income $ 6,465 525 24,265