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 Component per Actual Total for February $ 38,800 $8,450 $9,440 Job per Month $277 Revenue $ 8,600 $ 4,800 $ 2,600 $ 1,610 $2,890 Technician wages Mobile lab operating expenses office expenses Advertising expenses 32 $ 3 2,900 1,680 Insurance 2,890 Miscellaneous expenses $ 2 535 S 930 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 $9,440. The company expected to work 150 jobs in February, but actually worked 152 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.) 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 Planning Budget Actual Results Flexible Budget Jobs 152 Revenue 38,800 Expenses: Technician wages Mobile lab operating 8,450 9,440 expenses Office expenses 2,900 Advertising expenses 1,680 Insurance 2,890 Miscellaneous expenses 535 Total expense 25,895 $ 12,905 Net operating income