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 Variable Component per Job $275 Actual Total for February $27,500 Technician wages $8,300 $ 8,150 Mobile lab operating expenses $ 4,900 $ 32 $ 8,260 office expenses $2,300 $ 3 $2,480 Advertising expenses $1,620 Insurance $2,870 Miscellaneous expenses 940 $1,690 $2,870 $ 465 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 $8,260. The company expected to work 110 jobs in February, but actually worked 118 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 20 Jobs Revenue Expenses Technician wages Actual Results 118 $ 27,500 8,150 Flexible Planning Budget Budget