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 Revenue Technician wages Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Variable Fixed Componenti Component per per Month Job $275 $ 8,600 $4,700 $ 32 $ 2,700 $ 3 $1.610 $ 2,880 $ 960 Actual Total for February $ 30,250 $ 8,450 $ 8,380 2,910 $1,680 $ 2,880 $ 385 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $32 per job, and the actual mobile leb operating expenses for February were $8,380. The company expected to work 120 jobs in February, but actually worked 124jobs. Required: Prepare a fiexible 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 124 5 30.250 Rovenuo Expenses Technician wagos Mobilelab operating expenses 8450 8.380 Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and ac variances for February (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "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 124 $ 30,250 Revenue Expenses Technician wages Mobilo lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous exponses Tolaloxoende Not operating income 8,450 8,380 2.910 1,680 2,880 385 24.685 $ 5,585