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:

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 122 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.)

Fixed Component Variable Actual Total for February 30,490 $ 8,150 Component per Job 277 per Month Revenue Technician wages Mobile lab operating expenses office expenses Advertising expenses 8,300 $ 4,700 2,200 1,570 2,900 $ 31 8,260 $ 2,410 $ 1,640 3 Insurance 2,900 Miscellaneous expenses 920 1 345 AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Planning Budget Budget Jobs 122 Revenue Expenses: $ 30,490 Technician wages 8,150 Mobile lab operating 8,260 expenses Office expenses 2,410 Advertising expenses 1,640 Insurance 2,900 Miscellaneous expenses 345 Total expense 23,705 $ 6,785 Net operating income