AirQual Test Corporation provides on-site air quality testing services. The company 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		$ 279	$ 33,520
Technician wages	$ 8,400		$ 8,250
Mobile lab operating expenses	$ 4,600	$ 35	$ 8,990
Office expenses	$ 2,800	$ 3	$ 3,040
Advertising expenses	$ 1,610		$ 1,680
Insurance	$ 2,870		$ 2,870
Miscellaneous expenses	$ 940	$ 2	$ 505

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $35 per job, and the actual mobile lab operating expenses for February were $8,990. The company expected to work 130 jobs in February but actually worked 136 jobs.

Required:

Prepare a flexible budget performance report for February.

Note: 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.

Flexible Budget Performance Report

For the Month Ended February 28

Actual Results

Flexible Budget

Planning Budge

tJobs136

Revenue$33,520

Expenses:

Technician wages8,250

Mobile lab operating expenses8,990

Office expenses3,040

Advertising expenses1,680

Insurance2,870

Miscellaneous expenses505

Total expenses25,335

Net operating income$8,185