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		$ 277	$ 30,490
Technician wages	$ 8,500		$ 8,350
Mobile lab operating expenses	$ 4,700	$ 31	$ 8,260
Office expenses	$ 2,500	$ 3	$ 2,710
Advertising expenses	$ 1,610		$ 1,680
Insurance	$ 2,860		$ 2,860
Miscellaneous expenses	$ 950	$ 1	$ 375

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $31 per job, and the actual mobile lab operating expenses for February were $8,260. The company expected to work 120 jobs in February, but actually worked 124 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 Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget Jobs 124 124 120 Revenue $ 30,490 Expenses Technician wages Mobile lab operating expenses 8,350 150 432 8,260 2,710 Office expenses Advertising expenses 1,680 2,860 375 Insurance Miscellaneous expenses Total expense Net operating income 24,235 $ 6,255