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 00:2430 Revenge Technician wages Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Variable Fixed Component Component per per Month Job $ 279 $ 8,300 $4,600 $ 31 $ 2,600 $ 1,590 $ 2.860 $ 930 Actual Total for Tebruary $ 27,940 $ 8,150 $ 7.850 $ 2.670 $ 1,660 $ 2,860 $ 455 eBook 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 $7,850. The company expected to work 110 jobs in February, but actually worked 114 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 (.e., zero variance). Input all amounts as positive values.) AlrQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Revenue and Flexible Results Spending Variances Budget Activity Variances Planning Budget $ 27.940 Revenue Expenses Technician wages 8,1501 T T The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $31 per job, and the actual mobile lab operating expenses for February were $7,850. The company expected to work 110 February, but actually worked 114 jobs. Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and ac variances for February (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "No effect (.e., zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Revenue and Flexible Results Spending Variances Budget 114 Activity Variances Planning Budget Jobs Revenue 02 $ 27,940 8,150 7,850 Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses 2,670 1.000 2,860 455 23,645 4.295 Total expense Net operating income $