AirQual 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: Variable Component per Fixed Component per Month Job $277 Actual Total for February $ 38,800 $ 8,150 Revenue Technician wages. $ 8,300 Mobile lab operating expenses $4,500 $ 30 $8,840 office expenses $ 3 Advertising expenses. Insurance $ 2,500 $1,610 $ 2,880 $ 950 $ 2,800 $1,680 $ 2,880 Miscellaneous expenses 2 $ 555 The company uses the number of jobs as its measure of activity. For example, mobile lab dperating expenses should be $4,500 plus $30 per job, and the actual mobile lab operating expenses for February were $8,840. The company expected to work 150 jobs in February, but actually worked 158 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 (i.e., zero variance). Input all amounts as positive values.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Flexible Actual Results Planning Budget Budget Jobs 158 Revenue $ 38,800 Expenses: 8,150 8.840 2.800 1,680 2.880 555 24,905 $ 13,895 Technician wages Mobile lab operating Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income expenses