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 Variable Fixed Component Component per Actual Total per Month Job for February Revenue $ 280 $36,450 Technician wages $ 8,400 Mobite lab operating expenses $ 8,250 $ 4,500 $ 32 $ 8,820 office expenses $2,200 $ 4 $ 2,610 Advertising expenses $1,580 $ 1,650 Insurance $ 2.900 $ 2,900 Miscellaneous expenses $ 970 $ 2 $ 555 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,500 plus $32 per job, and the actual mobile tab operating expenses for February were $8,820. The company expected to work 140 jobs in February, but actually worked 142 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 Tent Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget Jobs 142 Required: Prepare a flexible budget performance report showing All Qual 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 ... zero variance). Input all amounts as positive values.) rences AlrQual Test Corporation Flexible Budget Performance Report For the Month Ended February 20 Actual Flexible Rosults Budget 142 Planning Budget Jobs $36.450 8.250 8,820 Revenue Expenses Technician wages Mobile ab operating experson Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 2,610 1,650 2,900 555 24.785 $ 11,665