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Air Qual 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 wakes Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Fixed Variable Component Component per Actual Total per Month Job for February $ 277 $ 36,030 $ 8,000 $ 7,850 $ 4,500 5.35 5.9.540 $ 2,700 $ $ 2,970 $1,600 $1,670 $ 2,850 $ 2,850 $ 960 $1 $.405 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4800 plus $35 per job, and the actual mobile lab operating expenses for February were $9.540. The company expected to work 140 jobs in February, but actually worked 142 jobs. Required: Prepare a flexible budget performance report showing Air 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.e., zero variance). Input all amounts os positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Revenue and Flexible Results Spending Variances Budget 142 142 536.000 Activity Variances Planning Budget 140 Jobs Revenue Expenses Technician wages Mobile ab operating expenses Ottice expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 7,850 0.540 2,970 1.670 2.850 405 25285 $10.745