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		$	30,730
Technician wages	$	8,500					$	8,350
Mobile lab operating expenses	$	4,700		$	33		$	8,500
Office expenses	$	2,800		$	3		$	3,010
Advertising expenses	$	1,580					$	1,650
Insurance	$	2,870					$	2,870
Miscellaneous expenses	$	950		$	2		$	495

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $33 per job, and the actual mobile lab operating expenses for February were $8,500. The company expected to work 120 jobs in February, but actually worked 126 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 Results Flexible Budget Planning Budget Jobs 126 Revenue $ 30,730 8,350 Expenses: Technician wages Mobile lab operating expenses Office expenses 8,500 3,010 Advertising expenses 1,650 Insurance 2,870 Miscellaneous expenses 495 Total expense 24,875 Net operating income $ 5,855