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 ped SOK Revenue Technician wages Mobile la operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Variable Fixed Component component per Actual Total per Month Job for February $ 272 $ 30,490 $ 8,200 $ 8,050 $4.700 $ 33 $ 8,500 $ 2,800 $ 2 $ 2,890 $1,590 $ 1,660 $ 2,890 $ 2,890 6 970 515 The company uses the number of jobs os its measure of activity. For example, mobile lab operating expenses should be $4.700 plus $33 per job, and the actual mobile lab operating expenses for February were $8,500. The company expected to work 120 jobs in February, but actually worked 128 jobs. Required: Prepare a flexible budget performance report showing Air Qual 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 (ie, zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget 10 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plu $33 per job, and the actual mobile lab operating expenses for February were $8,500. The company expected to work 120 jobs in February, but actually worked 128 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.) AlrQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget Jobs 128 Revenue $ 30,490 8,050 8,500 Expenses Technician wagos Mobile tab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expenso Not operating incomo 2,890 1,060 2,890 515 24,505 $ 5,985