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				$	279		$	39,100
Technician wages	$	8,400					$	8,250
Mobile lab operating expenses	$	4,600		$	35		$	9,690
Office expenses	$	2,700		$	3		$	3,000
Advertising expenses	$	1,570					$	1,640
Insurance	$	2,850					$	2,850
Miscellaneous expenses	$	940		$	2		$	545

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 $9,690. The company expected to work 150 jobs in February, but actually worked 154 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 Revenue and Flexible Results Spending Variances Budget 154 Activity Variances Planning Budget 150 Jobs 154 Revenue $ 39,100 $ 13,866 U $ 42,966 $ 1,116 U $ 41,850 Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses 8,250 9,690 3,000 1,640 2,850 545 25,975 $ 13,125 Insurance Miscellaneous expenses Total expense Net operating income