Fixed Component per Month 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: Actual Total for February Revenue Variable Component per Job $ 280 $ 33,650 Technician wages $ 8,200 $ 8,050 Mobile lab operating expenses $ 4,800 $ 34 $ 9,060 office expenses $ 2,600 $ 3 $ 2,840 Advertising expenses $ 1,610 $ 1,680 Insurance Miscellaneous expenses $ 2,870 $ $ 2,870 940 $ 1 $ 375 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 $9,060. 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 varlance 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 Jobs Revenue Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget 140 $ 33,650 Expenses: Technician wages 8,050 Mobile lab operating 9,060 expenses Office expenses 2,840 Advertising expenses 1,680 Insurance 2,870 Miscellaneous expenses 375 Total expense 24,875 Net operating income $ 8,775