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Exercise 9-16 (Algo) Flexible Budget Performance Report [L09-1, L09-2, L09-3, L09-4] AirQual Test Corporation provides on-site air quality testing services. The company provided the following cost formulas and actual results for the month of February: Fixed Component Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses per Month $ 8,300 $ 4,900 $ 2,300 $ 1,610 $ 2,870 $ 980 Variable Component per Job $ 277 $ 35 $3 $2 Actual Total for February $ 27,720 $ 8,150 $ 8,590 $ 2,480 $ 1,680 $ 2,870 $ 505 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $35 per job, and the actual mobile lab operating expenses for February were $8,590. The company expected to work 110 jobs in February but actually worked 116 jobs. Required: Prepare a flexible budget performance report for February. Note: 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.