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 Revenue Fixed Variable Component Component per Actual Total per Month for February $36,170 $ 8,250 Job $278 Technician wages $ 8,400 Mobile lab operating expenses $ 4,900 office expenses $ 2,500 $ 34 $3 $ 9,500 $ 2,770 Advertising expenses $1,550 $1,620 Insurance $ 2,890 $2,890 Miscellaneous expenses $940 $2 $525 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $34 per job, and the actual mobile lab operating expenses for February were $9.500. The company expected to work 140 jobs in February, but actually worked 148 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.)