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 Component per Month Variable Component per Job Actual Total for February

Revenue $ $276$ $ $30,370$

Technician wages $ $8,300$ $ $8,150$

Mobile lab operating expenses $ $5,000$ $ $31$ $ $8,560$

Office expenses $ $2,400$ $ $3$ $ $2,610$

Advertising expenses $ $1,550$ $ $1,620$

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

Miscellaneous expenses $ $980$ $ $2$ $ $525$

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $$5,000$ plus $$31$ per job, and the actual mobile lab operating expenses for February were $$8,560.$ The company expected to work $120$ jobs in February, but actually worked $130$ 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.$)$