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	$	4,500		$	34		$	9,440
Office expenses	$	2,200		$	4		$	2,650
Advertising expenses	$	1,600					$	1,670
Insurance	$	2,890					$	2,890
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 $4,500 plus $34 per job, and the actual mobile lab operating expenses for February were $9,440. The company expected to work 150 jobs in February, but actually worked 156 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.)

Jobs Revenue Expenses: Technician wages Mobile lab operating Office expenses Advertising expenses Insurance Miscellaneous expenses expenses Total expense Net operating income AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Flexible Budget Actual Results 156 $ 38,950 8,450 9,440 2,650 1,670 2,890 545 25,645 $ 13,305 Planning Budget