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 Component per Job for February 27,610 $ 8,150 $ 7,85e $ 2,780 $ 1,660 $ 2,860 per Month Revenue $276 Technician wages Mobile lab operating expenses Office expenses Advertising expenses 8,300 4,600 2,600 $ 1,590 $ 2,860 $ 31 3 Insurance Miscellaneous expenses $ 1 95e 365 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $31 per job, and the actual mobile lab operating expenses for February were $7850. The company expected to work 110 jobs in February, but actually worked 118 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.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget Jobs 118 Revenue S 27.610 Expenses Technician wages 8.150 Mobile lab operating oxpenses 7,850 Office expenses 2,780 Advertising expenses 1,660 Insurance 2.860 Miscellaneous expenses 365 Total expense 23,665 Net operating income 3,945