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 Component per Job $280 Fixed Component per Month Actual Total for February Technician wages Mobile lab operating expenses Office expenses Advertising expenses $ 7,950 $ 8,820 $2,710 $ 1,680 $ 2,890 555 8,100 4,500 2,300 1,610 2,890 970 $ 32 4 Insurance $ 2 Miscellaneous expenses The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,500 plus $32 per job, and the actual mobile lab operating expenses for February were $8,820. The company expected to work 140 jobs in February, but actually worked 146 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 Fle Budget erformance Report For the Month Ended February 28 Planning Budget Actual Flexible Results Budget Jobs 146 S 36,450 Revenue Expenses: Technician wages 7,950 Mobile lab operating expenses 8,820 Office expenses 2,710 Advertising expenses 1,680 Insurance 2,890 Miscellaneous expenses 555 24,605 Total expense $ 11,845 Net operating income