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	$ 30,850
Technician wages	$ 8,200		$ 8,050
Mobile lab operating expenses	$ 4,800	$ 33	$ 8,600
Office expenses	$ 2,500	$ 4	$ 2,830
Advertising expenses	$ 1,590		$ 1,660
Insurance	$ 2,880		$ 2,880
Miscellaneous expenses	$ 930	$ 1	$ 355

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 130 jobs.

Required: Prepare a flexible budget performance report showing AirQual Test Corporation's 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 Flexible Budget Planning Budget 130 Jobs Revenue $ 30,850 8,050 Expenses: Technician wages Mobile lab operating expenses Office expenses Advertising expenses 8,600 2,830 1,660 Insurance 2,880 355 Miscellaneous expenses Total expense Net operating income 24,375 $ 6,475