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		$	38,950
Technician wages	$	8,600					$	8,450
Mobile lab operating expenses	$	4,600		$	31		$	9,090
Office expenses	$	2,500		$	3		$	2,800
Advertising expenses	$	1,580					$	1,650
Insurance	$	2,860					$	2,860
Miscellaneous expenses	$	950		$	1		$	405

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $31 per job, and the actual mobile lab operating expenses for February were $9,090. The company expected to work 150 jobs in February, but actually worked 158 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.)

! AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget 158 Planning Budget Jobs Revenue $ 38,950 $ 4,974 U Expenses: Technician wages Mobile lab operating expenses 8,450 Office expenses Advertising expenses Insurance 9,090 2,800 1,650 2,860 405 150 F 408 F 174 F 70 U 0 None 703 F 1,365 F 3,609 U Miscellaneous expenses Total expense 25,255 $ 13,695 Net operating income $