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 Revenue Job $ 276 for February $ 30,370 Technician wages $ 8,200 $ 8,050 Mobile lab operating expenses $ 4,500 $ 31 $ 8,060 Office expenses $ 2,500 $ 3 $ 2,710 Advertising expenses $ 1,570 $ 1,640 Insurance $ 2,860 Miscellaneous expenses $ 970 $ 1 $ 2,860 $ 395 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,500 plus $31 per job, and the actual mobile lab operating expenses for February were $8,060. The company expected to work 120 jobs in February, but actually worked 130 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 Jobs Revenue Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 130 $ 30,370 Expenses: Technician wages 8,050 Mobile lab operating expenses 8,060 Office expenses 2,710 Advertising expenses 1,640 Insurance 2,860 Miscellaneous expenses 395 Total expense 23,715 Net operating income $ 6,655