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				$	360		$	18,950
Technician wages	$	6,400					$	6,450
Mobile lab operating expenses	$	2,900		$	35		$	4,530
Office expenses	$	2,600		$	2		$	3,050
Advertising expenses	$	970					$	995
Insurance	$	1,680					$	1,680
Miscellaneous expenses	$	500		$	3		$	465

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $2,900 plus $35 per job, and the actual mobile lab operating expenses for February were $4,530. The company expected to work 50 jobs in February, but actually worked 52 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			Flexible Budget			Planning Budget
Jobs	52
Revenue	$18,950
Expenses:
Technician wages	6,450
Mobile lab operating expenses	4,530
Office expenses	3,050
Advertising expenses	995
Insurance	1,680
Miscellaneous expenses	465
Total expense	17,170
Net operating income	$1,780

AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results 52 Flexible Budget Planning Budget Jobs Revenue $ 18,950 Expenses: Technician wages Mobile lab operating expenses Office expenses 6,450 4,530 3,050 Advertising expenses 995 Insurance Miscellaneous expenses Total expense Net operating income 1,680 465 17,170 1,780 $