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 Variable Actual Total per Month Component per job for February Revenue 5 277 5 36,030 Technician wages $ 8,500 5 8,350 Mobile lab operating expenses $ 4,800 $ 35 $ 9,540 office expenses $ 2,700 53 5 2,970 Advertising expenses $ 1,590 $1,660 Insurance $ 2,890 $ 2,890 Miscellaneous expenses $ 940 $ 2 $ 525 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be 54,800 plus $35 per job, and the actual mobile lab operating expenses for February were 59,540 The company expected to work 140 jobs in February, but actually worked 144 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e. zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Hexible Results Budget Planning Budget Jobs 144 5 36,030 8,350 Revenue Epenses Technician wages Mobilelab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 9.540 2970 1,660 2,890 525 25.935 $ 10,095