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 Jobs Revenue Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Fixed Variable Component Component per Actual Total per Month for February $ 30,610 $ 7,950 $ 8,480 $ 2,910 $ 1,670 $ 2,900 $ 465 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $32 per job, and the actual mobile lab operating expenses for February were $8,480. The company expected to work 120 jobs in February, but actually worked 128 jobs. Miscellaneous expenses $ 8,100 $ 4,800 $ 2,700 $ 1,600 $ 2,900 $920 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.) Total expense Net operating income Actual Results Job $278 128 $ 30,610 $ 32 $3 AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 7,950 8,480 2,910 1,670 2,900 465 $2 24,375 $ 6,235 Flexible Budget Planning Budget

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 The compary uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $32 per job, and the actual mobile lab operating expenses for February were $8,480. 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 (l.e., zero variance). Input all amounts as positive values.)