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 $ 279 $ 36,310 Technician wages $ 8,500 $ 8,350 Mobile lab operating expenses $ 4,900 $ 33 $ 9,360 Office expenses $ 2,500 $ 3 $ 2,770 Advertising expenses $ 1,560 $ 1,630 Insurance $ 2,880 $ 2,880 Miscellaneous expenses $ 930 $ 1 $ 375 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $33 per job, and the actual mobile lab operating expenses for February were $9,360. The company expected to work 140 jobs in February, but actually worked 144 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.)

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $33 per job, and the actual mobile lab operating expenses for February were $9,360. The company expected to work 140 jobs in February, but actually worked 144 jobs.

AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Flexible Results Budget 144 Planning Budget Jobs $ 36,310 Revenue Expenses Technician wages Mobile lab operating expenses Office expenses Advertising expenses 8,350 9,360 2,770 1,630 2,880 375 25,365 10,945 Insurance Miscellaneous expenses Total expense Net operating income $