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 Tixed Component per Month Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses $ 8,400 $5,000 $ 2,500 51,560 $ 2,050 $930 Variable Actual Total Component per Job for February $ 278 $ 30,610 $3,250 $ 35 5 8,970 $ 2 $ 2,590 $ 1.630 52,050 $ 355 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 $8,920. The company expected to work 120 jobs in February, but actually worked 130 jobs Required: Prepare a flexible budget performance report showing ArQual 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 (ie., zero variance). Input all amounts as positive values.) AirQ Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Revenue and Flexible Results Spending Variances Budget Activity Variances Planning Budget Required: Prepare a flexible budget performance report showing AlrQual 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 offect (.o., zero variance)Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 2R Actual Revenue and Flexible Results Spending Variances Budo Activity Variances Planning Budget Jobs 130 $ 30,810 8.250 Reven Expenses Technician wages Mobila la operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Not operating income 8.920 2,500 1.630 2.850 355 24,595 S6015