AirQual Test Corporation provides on-site alr quality testing services. The company has provided the following cost formulas and actual results for the month of February Revenue Technician wages Mobilo lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Variable Fixed Component component per per Month Job $ 276 $ 8,400 $5,000 $ 34 $ 2,600 5 4 $1,600 $ 2,800 $ 960 Actual Total for February $ 27,610 $ 8,250 $8,580 $ 2.890 $ 1,670 $ 2,880 $ 375 es The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $5,000 plus $34 per job, and the actual mobile lab operating expenses for February were $8,580. 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.) AlrQual Test Corporation Flexible Budget Porformance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget Jobs 118 $ 27.610 8,250 8,580 Revenue Expenses Technician wages Mobile lab operating expensos Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Not operating income 2.890 1,670 2,880 375 24,645 $ 2,965