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 Fixed Component per Month Job $ 278 Actual Total for February $ 27,830 Revenue Technician wages $ 8,400 $ 8,250 Mobile lab operating expenses $ 5,000 $ 33 $ 8,470 Office expenses $ 2,200 $ 2 $ 1,610 Advertising expenses Insurance $ 2,270 $1,680 $ 2,860 $ 475 $ 2,860 $ 950 Miscellaneous expenses $ 2 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $5,000 plus $33 per job, and the actual mobile lab operating expenses for February were $8,470. The company expected to work 110 jobs in February, but actually worked 118 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.) es Jobs Revenue Expenses: Technician wages Mobile lab operating Office expenses Advertising expenses Insurance Miscellaneous expenses expenses Total expense Net operating income AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Flexible Budget Actual Results 118 $ 27,830 8,250 8,470 2,270 1,680 2,860 475 24,005 $ 3,825 Planning Budget