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: Revenue Actual Total $ 27,940 Fixed Component per Month Variable Component per Job for February $ 279 Technician wages $ 8,380 $ 8,150 Mobile lab operating expenses $ 4,500 $ 33 $ 7,970 office expenses $ 2,300 $ 2 $ 2,378 Advertising expenses $ 1,590 $ 1,660 Insurance Miscellaneous expenses $ 2,870 $ $ 2,870 988 $ 1 $ 395 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,500 plus $33 per job, and the actual mobile lab operating expenses for February were $7,970. The company expected to work 110 jobs in February, but actually worked 116 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 varlance 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 116 $ 27,940 Expenses: Technician wages 8,150 Mobile lab operating 7,970 expenses Office expenses 2,370 Advertising expenses 1,660 Insurance 2,870 Miscellaneous expenses 395 Total expense 23,415 Net operating income $ 4,525