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 Revenue Technician wages Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Variable Fixed Component Component per Actual Total per Month Job for February $ 276 $ 33, 130 $ 8,500 $ 8,350 $ 4,800 $ 34 $ 9,060 $ 2,600 $ 2,710 $ 1,590 $1,660 $ 2,890 $ 2,890 $ 365 The company uses the number of jobs as its measure of activity. For example, mobile tab operating expenses should be $4,800 plus $34 per job, and the actual mobile lab operating expenses for February were $9,060. The company expected to work 130 jobs in February, but actually worked 136 Jobs Required: Prepare a flexible budget performance report showing Alroual Test Corporation's revenue and spending variances and activity variances for February (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) AirGual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Activity Variances Planning Spending Variances Budget Revenue and Actual Results 136 Flexible Budget 136 Jobs 130 $ 33,130 U 5 37,536 IF $ 37,536 Revenue Expenses Technician wages 8,350 8.500 None Prey 1 of 1 Nex AlrQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Revenue and Flexible Results Spending Variances Budget 136 136 Activity Variances Planning Budget 130 Jobs $ 33,130 TU $ 37.536 F $ 37,536 8,500 None F 4,624 U F Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 408 8,350 9,060 2.710 1,660 2,890 365 25,035 $ 8,095 u o None F 1,590 2,890 U None O None U 2,890 F U U