Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Variable Fixed Component Component per per Month Job $ 276 $ 8,100 $ 4,600 $ 32 $ 2,400 $ 3 $ 1,560 $ 2,850 $ 960 $ 1 Actual Total for February $ 35,890 $ 7,950 $ 8,920 $ 2,670 $ 1,630 $ 2,850 $ 405 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $32 per job, and the actual mobile lab operating expenses for February were $8,920. The company expected to work 140 jobs in February, but actually worked 144 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.) 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 (.e., zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Revenue and Flexible Results Spending Variances Budget 144 144 Activity Variances Planning Budget 140 Jobs Revenue $ 35,890 $ 38,640 7,950 150 8,100 None 8,100 9,080 8,920 Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance None None None 2,670 1,630 2,850 405 24,425 11,465 Miscellaneous expenses Total expense Net operating income $ IF