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 Componentper Month, Variable Component per Job, Actual Total fo February

Revenue $ $279$ $ $36,310$

Technician wages $ $8,400$ $ $8,250$

Mobile lab operating expenses $ $4,500$ $ $31$ $ $8,680$

Office expenses $ $2,300$ $ $3$ $ $2,570$

Advertising expenses $ $1,560$ $ $1,630$

Insurance $ $2,880$ $ $2,880$

Miscellaneous expenses $ $980$ $ $2$ $ $565$

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $$4,500$ plus $$31$ per job, and the actual mobile lab operating expenses for February were $$8,680.$ The company expected to work $140$ jobs in February, but actually worked $150$ 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.$)$

Actual Results Revenue and Spending Variances Effect Flexible Budget Activity Variances Effect Planning Budget

Jobs $150$

Revenue $36,310$

Expenses:

Technician wages $8,250$

Mobile lab operating expenses $8,680$

Office expenses $2,570$

Advertising expenses $1,630$

Insurance $2,880$

Miscellaneous expenses $565$

Total expense $24,575$

Net operating income $11,735$