AirQual Test Corporation provides on-site air quality testingservices. The company has provided the following cost formulas andactual results for the month of February: Fixed Component per MonthVariable Component per Job Actual Total for February Revenue $ 277$ 36,030 Technician wages $ 8,500 $ 8,350 Mobile lab operatingexpenses $ 4,700 $ 31 $ 8,880 Office expenses $ 2,700 $ 3 $ 2,970Advertising expenses $ 1,560 $ 1,630 Insurance $ 2,860 $ 2,860Miscellaneous expenses $ 950 $ 1 $ 395 The company uses the numberof jobs as its measure of activity. For example, mobile laboperating expenses should be $4,700 plus $31 per job, and theactual mobile lab operating expenses for February were $8,880. Thecompany expected to work 140 jobs in February, but actually worked144 jobs. Required: Prepare a flexible budget performance reportshowing AirQual Test Corporation’s revenue and spending variancesand activity variances for February. (Indicate the effect of eachvariance by selecting "F" for favorable, "U" for unfavorable, and"None" for no effect (i.e., zero variance). Input all amounts aspositive values.) This is the last question in the assignment. Tosubmit, use Alt + S. To access other questions, proceed to thequestion map button.Next Visit question mapQuestion 8 of 8Total