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 vages Mobile lab operating expenses office expenses Advertising expensen Insurance Miscellaneous expenses Variable Fixed Component Component per per Month Job $ 279 $ 8.000 $ 4,500 $ 34 $ 2,600 $ $1,600 $ 2,870 $ 950 Actual Total for February $ 39,100 $ 7,850 $ 9,440 $ 2.900 $ 1,670 $ 2,870 $ 555 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,500 plus $34 per job, and the actual mobile lab operating expenses for February were $9,440. The company expected to work 150 jobs in February, but actually worked 154 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 varlance 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 Revenue and Flexible Results Spending Variances Budget Activity Variances Planning Budget AlrQual Tost Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Revenue and Flexible Results Spending Variances Budget Activity Variances Planning Budget Jobs 154 154 150 $ 39,100 7,850 9,440 Revenue Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating incomo 2,900 1,670 2,870 555 25,285 $ 13,815