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				$	280		$	33,650
Technician wages	$	8,100					$	7,950
Mobile lab operating expenses	$	4,700		$	30		$	8,440
Office expenses	$	2,400		$	3		$	2,640
Advertising expenses	$	1,550					$	1,620
Insurance	$	2,860					$	2,860
Miscellaneous expenses	$	930		$	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 $30 per job, and the actual mobile lab operating expenses for February were $8,440. The company expected to work 130 jobs in February, but actually worked 134 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.) (Below is a photo of required question above)

AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget Jobs 134 Revenue $33,650 Expenses Technician wages Mobile lab operating Office expenses Advertising expenses Insurance Miscellaneous expenses 7,950 8,440 2,640 1,620 2,860 495 24,005 $ 9,645 expenses Total expense Net operating income