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: Variable Fixed Component Component per Actual Total per Month Job for February Revenue $278 $27,830 Technician wages $ 8,300 5 8,150 Mobile lab operating expenses $ 5,000 $ 32 $ 8,360 Office expenses $ 2,800 $ 3 $ 2,980 Advertising expenses $ 1,560 $ 1,630 Insurance $ 2,870 $ 2,870 Miscellaneous expenses $ 920 $ 2 S 445 [ The company uses the number ofjobs as its measure of activity. For example, mobile lab operating expenses should be $5,000 plus $32 perjob, and the actual mobile lab operating expenses for February were $8,360. The company expected to work 'Ilojobs in February, but actually worked 114jobs. 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.) Jobs 114 -_-_ __-_ Revenue $ 27.830 -----_ expenses 360 Advertising expenses 1,630 Insurance 2,870 Miscellaneous expenses Total expense Net operating income