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AlrQual Test Corporation provides on-site afr quality testing services. The company has provided the following cost formulas and actual results for the month of February: Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Fixed Variable Component Component per Month per Job $ 275 $ 8,400 $ 4,800 $ 32 $ 2,300 $ 3 $ 1,620 $ 2,850 $ 950 $ 1 Actual Total for February $ 27,500 $ 8,250 $ 8,160 $ 2,480 $ 1,690 $ 2,850 $365 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $32 per job, and the actual mobile lab operating expenses for February were $8,160. The company expected to work 110 Jobs in February, but actually worked 114 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 (l.e., zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget 114 $ 27.500 Jobs Revenue Expenses Technician wagos Mobile lab operating expenses Office expenses Advertising experts Insurance 8.250 3,160 2480 1.090 2.850 AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget 114 $ 27,500 8,250 8,160 Jobs Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expenso Net operating income 2,480 1,690 2,850 365 23,795 $ 3,705