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: per Month Variable Fixed Component Component per Job $ 280 $ 8,500 $ 4,800 $ 2,200 $ 4 $1,620 $ 2,870 S 930 Revenue Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses $ 31 Actual Total for February $ 28,050 $ 8,350 $ 8,050 $ 2,490 $ 1,690 $ 2,870 $ 345 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $31 per job, and the actual mobile lab operating expenses for February were $8,050. The company expected to work 110 jobs in February, but actually worked 120 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 (ie, zero variance). Input all amounts as positive values.) AlrQual Test Corporation Flexible Budget Performance Report For the Month Ended Fobruary 20 Actual Rovertue and Flexible Results Spending Variances Budget Activity Variances Planning Budget Jobs 120 $ 28.050 Revenue Expenses Technician wagon Mobilab operating 3,350 80501 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.) AlrQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Revenue and Flexible Results Spending Variances Budget 120 Activity Variances Planning Budget Jobs $ 28,050 nces 8,350 Revenue Expenses Technician wages Mobie lab operating expenses Otice expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 8,050 2,490 1.090 2,870 345 23,795 4.255 $