m 3 Optional Assignment Saved 15 Variable Component Component per Actual Total Job $276 Fixed per Month $8,300 $4, 700 for February $38,650 8,150 Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses nts $ 31 $ 9,190 $2,400 $1,580 $2,860 $ 950 2,850 1,650 2,860 $555 eBook Print The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $31 per job, and the actual mobile lab operating expenses for February were $9,190. The company expected to work 150 jobs in February, but actually worked 158 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.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Planning Actual Results Flexible Budget Jobs 158 Revenue $ 38,650 Expenses: Technician wages Mobile lab operating Office expenses Advertising expenses Insurance Miscellaneous expenses 8,150 9,190 2,850 1,650 2,860 expenses 25,255 S 13,395 Total expense Net operating income 15 of 32