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		$ 276	$ 38,650
Technician wages	$ 8,200		$ 8,050
Mobile lab operating expenses	$ 4,700	$ 32	$ 9,340
Office expenses	$ 2,400	$ 3	$ 2,700
Advertising expenses	$ 1,610		$ 1,680
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 $4,700 plus $32 per job, and the actual mobile lab operating expenses for February were $9,340. 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 Results Flexible Budget Planning Budget Jobs 154 Revenue $ 38,650 Expenses: Technician wages 8,050 9,340 Mobile lab operating expenses Office expenses 2,700 Advertising expenses 1,680 Insurance 2,890 Miscellaneous expenses 545 Total expense 25,205 Net operating income $ 13,445