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 Actual Total Component per Job for February per Month $ 279 Revenue $36 950 $ 8,780 $2,670 i an wages 8,100 $ 31 $ 3 Mobile lab ating expenses 4,600 Office expenses Advertising expenses 2,400 1,620 2,900 1,690 $ 2,900 Insurance $ 1 Miscellaneous expenses $ 930 375 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 $8,780. The company expected to work 140 jobs in February, but actually worked 148 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 Flexible Planning Budget Actual Budget Results Jobs 148 $36,310 Revenue Expenses: Technician wages 7,950 Mobile lab operating 8,780 expenses Office expenses 2,670 Advertising expenses 1,690 Insurance 2,900 Miscellaneous expenses 375 Total expense 24,365 11,945 Net operating income