Fixed 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 Variable Component Component per Actual Total per Month Job for February Revenue $ 277 $ 36,030 Technician wages $ 8,000 $7,850 Hobile lub operating expenses $4,800 $ 35 59,54 office expenses $ 2,700 $3 $ 2,970 Advertising expenses $1,600 $ 1,670 Insurance $ 2,850 $ 2,850 Miscellaneous expenses $ 960 $1 $65 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4.800 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 AltQual Test Corporation's revenue and spending variances and activity varlances for February (Indicate the effect of each variance by selecting " for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance). Input all amounts as positive volues.) Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending varlances 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 Flexible Budget Performance Report For the Month Ended February 28 Actual Results Revenue and Spending Variances Activity Variances Flexible Budget 142 Planning Budget 140 142 $36.030 Jobs Revenue Expenses Technician wages Mobde lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Not operating income 7.850 9,540 2,970 1,670 2,850 405 25,285 $ 10.745