Revenue Air Qual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of February Fixed Variable Component Component per Actual Total per Month Job for February $ 276 $ 30,370 Technician wages $ 8,400 $ 8,250 Mobile lab operating expenses $5,000 $ 35 $9,040 Office expenses $ 2,500 $ 2 $ 2,590 Advertising expenses $ 1,580 $1,650 $ 2,800 $ 2,890 Miscellaneous expenses $930 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $5.000 plus $35 per job, and the actual mobile lab operating expenses for February were $9040. The compariy expected to work 120 jobs in February, but actually worked 126 jobs. Required: Prepare a flexible budget performance report showing AlrQual 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 (1.e., zero variance), Input all amounts as positive values.) Insurance 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 vorionce by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Alroual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget Planning Budget Jobs 126 Revendo $ 30,370 Expenses Technician wages Mobilelab operating expenses Ottice expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 8.250 9040 2,590 1.650 2,890 355 24.775 $ 5,505