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Required: Prepare a flexible budget performance report for February. Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable,

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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. AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Jobs Actual Results 128 $ 30,250 Revenue Expenses: Technician wages 7,850 Mobile lab operating expenses 8,260 Office expenses 2,910 Advertising expenses 1,620 Insurance 2,880 Miscellaneous expenses 505 Total expenses Net operating income 24,025 $ 6,225 Flexible Planning Budget Budget

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