Exercise $9-16($Algo$)$ Flexible Budget Performance Report $[$LO$9-1,$ LO$9-2,$ LO$9-3,$ LO$9-4]$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:FixedComponent per MonthVariableComponent per Actual TotalJobfor FebruaryRevenue$ $276$Technician wages$ $8,400$$ $33,130$Mobile lab operating expenses$ $4,600$$ $38$$ $8,2508,340$Office expenses$ $2,200$$ $2$$ $2,310$Advertising expenses$$1,580$$ $1,650$Insurance$2,860$$ $2,860$Miscellaneous expenses$ $960$$$1$$ $395$The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $$4,600$ plus $$30$ per job, and the actual mobile lab operating expenses for February were $$8,340.$ The company expected to work $130$ jobs in February, but actually worked $134$ jobs.Required:Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending varlances and activity varlances for February. $($Indicate the effect of each verlance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($I$.$e$.,$ zero varlance$).$ Input all amounts as positive values.$)$AirQual Test CorporationFlexible Budget Performance ReportFor the Month Ended February $28$Actual ResultsFlexible BudgetPlanningBudgetJobs$134$Revenue$ $33,130$Expenses:Technician wages$8,250$Mobile lab operating expenses$8\mathrm{.}340$Office expenses$2,310$Advertising expenses$1,650$nsurance$2\mathrm{.}860$Miscellaneous expenses$295$otal expense$23\mathrm{.}805$Net operating income$9\mathrm{.}225$