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 $276 $35, 390 Technician wages $ 8, 100 $ 7,950 Mobile lab operating expenses $4,600 $ 30 $ 3,640 Office expenses $ 2,300 $ 4 $ 2,710 Advertising expenses $1,620 5 1,690 Insurance $ 2,870 $ 2,870 Miscellaneous expenses $ 950 1 5 395 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $30 per job, and the actual mobile lab operating expenses for February were $8,640. The company expected to work 140 jobs in February, but actually worked 146 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 for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Air Qual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget Planning Budget Jobs 146 Revenue $ 35,890 Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 7,950 8,640 2,710 1,690 2,870 395 24,255 $ 11 635