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 $ 27,610 Technician wages $ 8,500 $ 8,350 Mobile lab operating expenses $ 4,800 $ 35 $ 8,490 Office expenses $ 2,506 $ 2 $ 2,570 Advertising expenses $ 1, 580 $ 1, 650 Insurance $ 2,880 $ 2,880 Miscellaneous expenses $ 946 $ 1 $ 355 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $35 per job, and the actual mobile lab operating expenses for February were $8,490. The company expected to work 110 jobs in February, but actually worked 116 jobs. Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity variances for February. Note: 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 Actual Revenue and Flexible Planning Results Spending Variances Budget Activity Variances Budget Jobs 116 Revenue $ 27,610 Expenses: Technician wages B,350 Mobile lab operating expenses 8,490 Office expenses 2,570 Advertising expenses 1,650 Insurance 2,880 Miscellaneous expenses 355 Total expense 24,295 Net operating income $ 3,315