Exercise 9-17 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 Revenue Technician wages Variable Component per Job $279 Actual Total for February $ 30,730 $ 8,200 $ 8,050 Mobile lab operating expenses $ 4,800 $ 34 $ 8,720 office expenses $ 2,600 $ 3 $ 2,810 Advertising expenses $ 1,590 $ 1,660 Insurance $ 2,890 $ 2,890 Miscellaneous expenses $ 930 475 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $34 per job, and the actual mobile lab operating expenses for February were $8.720. The company expected to work 120 jobs in February, but actually worked 130 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 (ie., zero variance). Input all amounts as positive values.)