Exercise 9-16 (Algo) Flexible Budget Performance Report [LO9-1, LO9-2, LO9-3, LO9-4] AirQual 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: Fixed Component per Month Variable Component Actual Total for February $33,130 Revenue Technician wages per Job $276 Mobile lab operating expenses $ 8,400 $4,800 $ 8,250 $ 33 $ 8,930 office expenses $ 2,400 $2 $ 2,510 Advertising expenses $ 1,560 $1,630 Insurance Miscellaneous expense $ 2,890 $ 940 $ 2,890 $375 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $33 per job, and the actual mobile lab operating expenses for February were $8,930. The company expected to work 130 jobs in February, but actually worked 140 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 Test Corporation Report.