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		$	30,370
Technician wages	$	8,100					$	7,950
Mobile lab operating expenses	$	4,800		$	33		$	8,600
Office expenses	$	2,800		$	2		$	2,890
Advertising expenses	$	1,600					$	1,670
Insurance	$	2,870					$	2,870
Miscellaneous expenses	$	940		$	2		$	485

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $33 per job, and the actual mobile lab operating expenses for February were $8,600. The company expected to work 120 jobs in February, but actually worked 128 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 CorporationFlexible Budget Performance ReportFor the Month Ended February 28Actual ResultsFlexible BudgetPlanning BudgetJobs128Revenue$30,370Expenses:Technician wages7,950Mobile lab operating expenses8,600Office expenses2,890Advertising expenses1,670Insurance2,870Miscellaneous expenses485Total expense24,465Net operating income$5,905

AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget 128 Planning Budget Jobs Revenue $ 30,370 7,950 Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses 8,600 2,890 1,670 Insurance 2,870 Miscellaneous expenses 485 Total expense 24,465 Net operating income $ 5,905