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 Fixed Component per Month Variable Component per Job $ 275 Actual Total for February $ 33,000 $ 8,050 Technician wages $ 8,200 Mobile lab operating expenses $ 4,800 $ 32 $ 8,800 Office expenses $ 2,600 $ 4 $ 2,970 Advertising expenses $ 1,550 $ 1,620 Insurance Miscellaneous expenses $ 2,850 $ 960 $ 1 $ 2,850 $ 395 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 140 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 140 $ 33,000 Expenses: Technician wages 8,050 Mobile lab operating expenses 8,800 F Office expenses 2,970 None Advertising expenses 1,620 U Insurance 2,850 395 Miscellaneous expenses Total expense Net operating income 24,685 $ 8,315 Flexible Planning Budget Budget