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 Job for February Revenue $ 276 $ 30,370 Technician wages $ 8,200 $ 8,050 Mobile lab operating expenses $ 4,600 $ 35 $ 8,640 office expenses $ 2,400 $ 3 $ 2,610 Advertising expenses $ 1,570 $ 2,860 Insurance $ 1,640 $ 2,860 $365 Miscellaneous expenses $ 940 $ 1 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $35 per job, and the actual mobile lab operating expenses for February were $8,640. The company expected to work 120 jobs in February, but actually worked 122 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 Flexible Planning Budget Budget Jobs Revenue Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income Actual Results 122 $ 30,370 8,050 8,640 2,610 1.640 2,860 365 24,165 $ 6,205