AlrQual 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 Fixed Component Variable Actual Total per Month Component per Job for February Revenue $360 $ 18,950 Technician wages $ 6,400 $ 6,450 Mobile lab operating expenses $ 2.900 $ 35 $4,530 Office expenses $ 2,600 $ 2 $ 3,050 Advertising expenses $ 970 $ 995 Insurance $ 1,680 $ 1,680 Miscellaneous expenses $ See $ 3 $ 465 The company uses the number of jobs as its measure of activity. For example, mobile tab operating expenses should be $2,900 plus $35 per job, and the actual mobile lab operating expenses for February were $4,530. The company expected to work 50 jobs in February, but actually worked 52 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 Actual Results Flexible Budget Planning Budget Jobs 52 $ 18,950 Revenue Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense 6,450 4,530 3,050 995 1,680 465 17,170 For the Month Ended February 28 Actual Results Flexible Budget Planning Budget Jobs 52 $ 18,950 Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 6,450 4,530 3,050 995 1.680 465 17,170 1.780