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 Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Jobs Revenue Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Fixed Component per Month Miscellaneous expenses $ 8,000 $ 4,700 $ 2,500 $1,600 $ 2,860 $ 920 $1 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $31 per job, and the actual mobile lab operating expenses for February were $8,570. The company expected to work 130 jobs in February, but actually worked 138 jobs. Total expense Net operating income 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.) Variable Component Actual Results per Job $ 276 138 $ 33,130 $31 $4 7,850 8,570 2,870 1,670 2,860 355 24,175 $ 8,955 Actual Total for February $ 33,130 $ 7,850 $ 8,570 $ 2,870 $ 1,670 $ 2,860 $ 355 AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Flexible Budget Planning Budget