per Month Job Revenue Technician wages office expenses $276 $8,100 for February $33,130 $7,950 Mobile lab operating expenses $ 4,700 $ 35 $ 9,090 $2,600 $ 3 $ 2,840 Advertising expenses $1,570 $1,640 Insurance Miscellaneous expenses $ 2,880 $970 $ 2,880 $ 2 $535 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $35 per job, and the actual mobile lab operating expenses for February were $9,090. The company expected to work 130 jobs in February, but actually worked 134 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 Actual Results Jobs 134 Revenue $ 33,130 Expenses Technician wages 7.950 Mobile lab operating expenses 9,090 2,840 Office expenses Advertising expenses 1,640 Insurance 2,880 Miscellaneous expenses Total expense Net operating income 535 24.935 $ 8.195 Flexible Planning Budget Budget