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 $ 279 $ 33,520 Technician wages $ 8,100 $ 7,950 Mobile lab operating expenses $4,600 $ 32 $ 8,600 office expenses $ 2,400 $ 3 $ 2,648 Advertising expenses $ 1,600 $ 1,670 Insurance $ 2,860 $ 2,860 Miscellaneous expenses $ 930 $2 $ 495 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $32 per job, and the actual mobile lab operating expenses for February were $8,600. The company expected to work 130 jobs in February, but actually worked 134 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 (.e., zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget Planning Budget 134 $ 33,520 Jobs Revenue Expenses Technician wages - labanaration avanses 7.950 8,600 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... zero variance), Input all amounts as positive values.) AlrQual Test Corporation Flexible Budget Performance Report For the Month Ended February 20 Actual Flexible Results Budget 134 $ 33,5201 Planning Budget Jobs Revenue Expenses Technician wages Moble lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 7,950 8,600 2.640 1,670 2.860 495 24 215 9.305 $