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 Variable Actual Component Component Total for per Month per Job February Revenue $ 278 $ 33,390 Technician wages $ 8,400 $ 8,250 Mobile lab operating expenses $ 4,500 $ 31 $ 8,370 office expenses $ 2,800 $ 2 $ 2,910 Advertising expenses $ 1,590 $ 1,660 Insurance $ 2,850 $ 2,850 Miscellaneous expenses $ 960 $ 2 $ 525 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,500 plus $31 per job, and the actual mobile lab operating expenses for February were $8,370. The company expected to work 130 jobs in February, but actually worked 138 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 (i.e., zero variance). Input all amounts as positive values.) AlrQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget 138 $ 33,390 Planning Budget Jobs Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 8.250 8,370 2.910 1.650 2.850 525 24,565 8.825 $