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		$ 360	$ 18,950
Technician wages	$ 6,400		$ 6,450
Mobile lab operating expenses	$ 2,900	$ 35	$ 4,530
Office expenses	$ 2,600	$ 2	$ 3,050
Advertising expenses	$ 970		$ 995
Insurance	$ 1,680		$ 1,680
Miscellaneous expenses	$ 500	$ 3	$ 465

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $2,900 plus $35 per job, and the actual mobile lab operating expenses for February were $4,530. The company expected to work 50 jobs in February, but actually worked 52 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.)

Answer is not complete.

AirQual Test Corporation
Flexible Budget Performance Report
For the Month Ended February 28
	Actual Results	not attempted		Flexible Budget	not attempted		Planning Budget
Jobs	52			not attempted			not attempted
Revenue	$18,950		not attempted	not attempted	not attempted	not attempted	not attempted
Expenses:
Technician wages	6,450	t	not attempted	not attempted	not attempted	not attempted	not attempted
Mobile lab operating expenses	4,530	not attempted	not attempted	not attempted	not attempted	not attempted	not attempted
Office expenses	3,050	not attempted	not attempted	not attempted	not attempted	not attempted	not attempted
Advertising expenses	995	not attempted	not attempted	not attempted	not attempted	not attempted	not attempted
Insurance	1,680	not attempted	not attempted	not attempted	not attempted	not attempted	not attempted
Miscellaneous expenses	465	not attempted	not attempted	not attempted	not attempted	not attempted	not attempted
Total expense	17,170	not attempted	not attempted	not attempted	not attempted	not attempted	not attempted
Net operating income	$1,780	not attempted	not attempted	not attempted	not attempted	not attempted