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 $ 277 Revenue Technician wages Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses $ 30 $ 3 $ 8,500 $ 4,700 $ 2,300 $ 1,560 $ 2,880 $ 970 Actual Total for February $ 27, 720 $ 8, 350 $ 7,840 $ 2,480 $ 1,630 $ 2,880 S 495 $ 2 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $30 per job, and the actual mobile lab operating expenses for February were $7,840. The company expected to work 110 jobs in February, but actually worked 112 jobs. AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget 112 112 Planning Budget 110 Jobs $ 27,720 $ 7,840U 8,350 F U 7,840 E U Revenue Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses 2,480 F. None 1,630 U None 2,880 None U 495 F U Total expense 23,675 IF F Net operating income $ 4,045 U U