AirQual Test Corporation provides on-site air quality testing services. The company provided the following cost formulas and actual results for the month of February: Fixed Variable Component Component per Actual Total per Month Job for February Revenue $ 276 $ 27,610 Technician wages $ 8,500 $ 8,350 Mobile lab operating expenses $ 4,600 $ 31 $ 7,850 Office expenses $ 2,700 $ 2 $ 2,770 Advertising expenses $ 1,550 $ 1,620 Insurance $2,870 $2,870 Miscellaneous expenses $ 970 $ 1 $ 385 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 118 jobs. Required: Prepare a flexible budget performance report for February. Note: 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 Jobs Revenue Actual Results 118 $ 27,610 Expenses: Technician wages 8,350 Mobile lab operating expenses 7,850 Office expenses 2,770 Advertising expenses 1,620 Insurance 2,870 Miscellaneous expenses Total expenses Net operating income $ 3,765 385 23,845 Flexible Planning Budget Budget