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				$	278		$	27,830
Technician wages	$	8,600					$	8,450
Mobile lab operating expenses	$	4,600		$	32		$	7,960
Office expenses	$	2,200		$	3		$	2,380
Advertising expenses	$	1,580					$	1,650
Insurance	$	2,850					$	2,850
Miscellaneous expenses	$	930		$	2		$	455

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $32 per job, and the actual mobile lab operating expenses for February were $7,960. The company expected to work 110 jobs in February, but actually worked 116 jobs.

Required:

Prepare a flexible budget performance report showing AirQual Test Corporations 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.)

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.) AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget Jobs 116 Revenue $ 27,830 U F 8,450 F None 7,960 F U 2,380 F Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses Insurance Miscellaneous expenses Total expense Net operating income 1,650 U U None None U None 2,850 455 F 23,745 F $ 4,085 U F