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: C Fixed Component per Month Variable Component Revenue per Job $ 275 Actual Total for February $ 33,000 Technician wages $ 8,600 $ 8,450 Mobile lab operating expenses $ 4,700 $ 34 $ 8,960 Office expenses $ 2,400 $ 3 $ 2,640 Advertising expenses $ 1,610 $ 1,680 Insurance $ 2,860 Miscellaneous expenses $ 970 $ 1 $ 2,860 $ 405 k nces The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $34 per job, and the actual mobile lab operating expenses for February were $8,960. The company expected to work 130 jobs in February, but actually worked 136 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 C aw Jobs Revenue Actual Results 136 $ 33,000 Expenses: Technician wages 8,450 Mobile lab operating expenses 8,960 Office expenses 2,640 Advertising expenses 1,680 Insurance 2,860 Miscellaneous expenses 405 Total expense 24,995 Net operating income $ 8,005 Flexible Budget Planning Budget < Prev 5 of 5 Next >