U 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 Fixed Variable Component Component per Actual Total per Month Job for February Revenue $ 276 538,650 Technician wages $ 8,300 $8,150 Mobile lab operating expenses 54,700 $ 30 $ 9,40 office expenses $ 2,300 5 5.2.600 Advertising expenses $ 1,570 $ 1,640 Insurance $ 2,890 $ 2,490 Miscellaneous expenses $940 $1 $ 395 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $30 per job, and the actual mobile lab operating expenses for February were $9,040. The company expected to work 150 jobs in February, but actually worked 160 jobs Required: Prepare a flexible budget performance report showing Air Qual 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.) AlrQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget Jobs 160 $ 38 650 Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 8.150 9,040 2,600 1,640 2,890 395 24,715 $ 13,935